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Q. |
All of the following will cause the value of the marginal product of labor to increase, EXCEPT: |
A. | an increase in the price of the good sold by the firm |
B. | a new production technology is developed and implemented by the firm |
C. | an increase in the number of workers employed by the firm |
D. | an increase in the quantity of other factors of production used by the firm |
Answer» C. an increase in the number of workers employed by the firm |
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