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If the MPL = 6 then this means that a. six more units of labor produce one more unit of output b. one more unit
If the MPL = 6 then this means that a. six more units of labor produce one more unit of output b. one more unit of labor can be subsituted for 6 units of capital c. one more unit of labor produces 6 more units of output d. six more units of labor produce six more units of capital e. one more unit of labor produces 6 more units of utility
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
