Assume that labor is the only variable input and that the payment made to labor is denoted as W. The marginal product of labor can be stated as
A. W/MC.
B. (W) × (MC).
C. MC/W.
D. TC/W.
Answer: A
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
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