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    Managerial Economics Study Set 3
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    Exam 7: Production Analysis and Compensation Policy
  5. Question
    Total Product Divided by the Number of Units of Variable
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Total Product Divided by the Number of Units of Variable

Question 21

Question 21

Multiple Choice

Total product divided by the number of units of variable input employed equals:


A) average product.
B) marginal revenue product.
C) returns to scale.
D) marginal product.

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