The marginal product of the labor curve shows the change in the total product resulting from a: a. one-unit increase in the quantity of a particular resource used, holding constant other resources. b. change in the cost of a variable resource. c. one-unit increase in the quantity of a particular resource used, letting other resources vary. d. change in the cost of a fixed resource.
The marginal product of the labor curve shows the change in the total product resulting from a: a. one-unit increase in the quantity of a particular resource used, holding constant other resources. b. change in the cost of a variable resource. c. one-unit increase in the quantity of a particular resource used, letting other resources vary. d. change in the cost of a fixed resource.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 18PAE
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The marginal product of the labor curve shows the change in the total product resulting from a:
a.
one-unit increase in the quantity of a particular resource used, holding constant other resources.
b.
change in the cost of a variable resource.
c.
one-unit increase in the quantity of a particular resource used, letting other resources vary.
d.
change in the cost of a fixed resource.
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