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    Microeconomics Study Set 25
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    Exam 11: Behind the Supply Curve: Inputs and Costs
  5. Question
    The _____ Is the Increase in Output That Is Produced
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The _____ Is the Increase in Output That Is Produced

Question 46

Question 46

Multiple Choice

The _____ is the increase in output that is produced when a firm hires an additional worker.


A) average product
B) total product
C) marginal product
D) marginal cost

Correct Answer:

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