The marginal revenue product of labor is equal to

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    the marginal product of labor times the price of labor.
     the marginal product of labor times the marginal revenue.
     the change in total revenue divided by the change in total output.
     Both 2 and 3.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the marginal product of labor times the marginal revenue.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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