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For a firm that uses labour as the only variable input, the total output of a firm will be at maximum where: Group of answer
For a firm that uses labour as the only variable input, the total output of a firm will be at maximum where:
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average productivity of labour equals its marginal productivity.
average productivity of labour is zero.
marginal productivity of labour is maximum.
average productivity of labour is maximum.
marginal productivity of labour is zero.
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