Which of the following describes the relationship between the marginal product of labor and marginal costs?
a. Marginal product and marginal costs rise and fall in sync.
b. When marginal product is rising, marginal costs are falling.
c. Marginal costs must be known to figure marginal product.
d. Marginal product equals change in marginal cost divided by output.
b. When marginal product is rising, marginal costs are falling.
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a. True b. False Indicate whether the statement is true or false
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