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The following are correct statements about the Marginal Productivity of Labor (MPL), EXCEPT: Question 21 options: It is the increase in production per worker generated
The following are correct statements about the Marginal Productivity of Labor (MPL), EXCEPT: Question 21 options: It is the increase in production per worker generated by technological innovations Is the increase in total production coming from an increase in one unit of labor Is increasing at early stages of production because the beneficial effect of division of labor in early stages of production. It will eventually decline because additional workers will eventually over-saturate the production process
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