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The Marginal Product of Labor Is Defined As

Question 78

Multiple Choice

The marginal product of labor is defined as:


A) output divided by labor.
B) the additional output generated by hiring an additional unit of labor.
C) the additional output generated by hiring an additional unit of labor and capital.
D) the additional output generated by hiring an additional unit of capital.
E) the additional revenue generated by hiring an additional unit of labor.

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