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Author Question: The marginal product of labor is defined as A) the change in output that a firm produces as a ... (Read 73 times)

EY67

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on: Jun 29, 2018
The marginal product of labor is defined as
 
  A) the change in output that a firm produces as a result of hiring one more worker.
  B) the additional labor cost of producing one more unit of output.
  C) the change in total revenue that results when an additional unit of a labor is hired.
  D) the additional labor required to produce one more unit of output.

Question 2

Refer to Table 12-2. What is Margie's total revenue if she sells 250 pounds of apples?
 
  A) 250
  B) 500
  C) 750
  D) There is not enough information in the table to determine Margie's total revenue.


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lcapri7

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


EY67

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

EAN94

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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