If a firm hires 215 workers it will produce 3,016 units of output. If it hires 216 workers it will produce 3,128 units of output. The marginal physical product of labor equals
A) 1.
B) 112.
C) 216.
D) 3,128.
Answer: B
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A) less expensive; increase B) less expensive; decrease C) more expensive; decrease D) more expensive; increase
Military decisionmakers want to keep procurement costs low in order to increase the likelihood that the program will be approved. As a results, ______
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a. True b. False Indicate whether the statement is true or false