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13 Jan 2018
1) Marginal product of labour is the increase in total product that results from a A) one-unit increase in both the quantity of variable and fixed inputs. B) one-unit increase in the quantity of fixed inputs employed, holding the quantity of the variable inputs constant. 1 percent change in the quantity of labour and the quantity of capital employed. D) one-unit increase in the quantity of labour employed, other inputs remaining the same. E) change in the cost of labour.
1) Marginal product of labour is the increase in total product that results from a A) one-unit increase in both the quantity of variable and fixed inputs. B) one-unit increase in the quantity of fixed inputs employed, holding the quantity of the variable inputs constant. 1 percent change in the quantity of labour and the quantity of capital employed. D) one-unit increase in the quantity of labour employed, other inputs remaining the same. E) change in the cost of labour.
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