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pearseal411Lv1
18 Aug 2020
Efficiency units of labor
The term is the _____.
A. Slope of the production function at the steady-state equilibrium point.
B. Product of the number of workers and the level of human capital.
C. Number of workers that can be used in a production process before diminishing marginal product of labor sets in.
D. Number of workers that can efficiently work in a production process, given current levels of technology and physical capital.
Efficiency units of labor
The term is the _____.
A. Slope of the production function at the steady-state equilibrium point.
B. Product of the number of workers and the level of human capital.
C. Number of workers that can be used in a production process before diminishing marginal product of labor sets in.
D. Number of workers that can efficiently work in a production process, given current levels of technology and physical capital.
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Joshua StredderLv10
12 Oct 2020