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Which of the following statements a) , b) or c) is false?
Labor Demand Data
Information that represents the number of workers that firms are willing and able to hire at various wage levels.
Labor Supply Data
Information and statistics related to the availability of workers and their willingness to work at various wage rates.
Marginal Product
The change in output resulting from employing an additional unit of input, while keeping other inputs constant, highlighting the productivity of the input.
Labor Demand Data
Statistical information about employers' need for workers, reflecting how many jobs are available at various wage rates.
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