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Assume labour is the only variable input, use a numerical example and explain the relationship between marginal product of labour, marginal returns and marginal cost.
- Assume labour is the only variable input, use a numerical example and explain the relationship between marginal product of labour, marginal returns and marginal cost. 2Marks
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
