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    Exam 7: The Production Process: the Behavior of Profit-Maximizing Firms
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    What Is the Formula for the Average Product of Labor
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What Is the Formula for the Average Product of Labor

Question 167

Question 167

Multiple Choice

What is the formula for the average product of labor?


A) Δq/ΔL
B) ΔL/Δq
C) q/L
D) L/q

Correct Answer:

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