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Question
The marginal product of labor is the
a. additional amount of consumer goods that can be bought from an additional hours worth of work.
b. additional amount of inputs a firm demands based on a change in consumer demand for the output.
c. additional amount of output that can be produced from hiring one more worker.
d. decreasing amount of output that can be produced from hiring one more worker.
e. value of production from the last worker hired.
Answer
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Related questions
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