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When labour is the only input a firm uses, the marginal cost of a unit of output can be defined as: a.(marginal product of labour)
When labour is the only input a firm uses, the marginal cost of a unit of output can be defined as:
a.(marginal product of labour) / wage
b.Marginal product of labour - wage
c.Marginal revenue - wage
d.Wage / (marginal product of labour)
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