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The value of marginal product of labor equals the Multiple Choice marginal product of labor times the net price for which each unit of output

The value of marginal product of labor equals the

Multiple Choice

  • marginal product of labor times the net price for which each unit of output sells.
  • total product of labor divided by the net price for which each unit of output sells.
  • marginal product of labor divided by the net price for which each unit of output sells.
  • average product of labor times the wage rate.

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