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When the price of output is 12 and the marginal product of labor is 3, the value of the marginal product of labor is ____.

When the price of output is £12 and the marginal product of labor is 3, the value of the marginal product of labor is ____. We should expect that the marginal product of labor will ____ as more labor is added

a. £36; increase

b. £36; decrease

c. £4; increase

d. £4; decrease

e. £36; neither increase or decrease.

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