Marginal Product of Labor Is the Change in Output Divided

question 61

True/False

Marginal product of labor is the change in output divided by a change in labor input.

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Definitions:

Disposable Income

The net income available to an individual or household after all taxes have been deducted, available for spending or saving.

Savings

The portion of income that is not spent on consumption but rather set aside for future use or investment.

C

In programming, C is a high-level and general-purpose programming language that is widely used for system and application software, device drivers, and embedded firmware.

Disposable Income

Income available to an individual or household after deducting income taxes and other mandatory charges.