The Value of the Marginal Product of Labour

question 6

Multiple Choice

The value of the marginal product of labour

• A) declines only if each worker is paid more than the previous worker.
• B) always increases as more labour is hired.
• C) at some point declines as more workers are hired.
• D) at first decreases and then increases as more workers are hired.
• E) is constant as long as each worker is paid the same wage rate.

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Definitions:

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