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General relationship between marginal product of labor

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Reference no: EM131415846

Think about the general relationship between the marginal product of labor (MPL) and the marginal cost of output (MC). As MPL increases, what happens to MC?

  • MC increases
  • MC decreases
  • MC remains the same
  • Any of the above answers could be correct, depending on the industry

Reference no: EM131415846

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