In Any Production Process the Marginal Product of Labor Equals

question 11

Multiple Choice

In any production process the marginal product of labor equals

• A)Change in total output divided by change in labor input
• B)Total output divided by total input
• C)Total output
• D)None of the above

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Definitions:

Oligodendrocyte

A type of glial cell that forms myelin sheaths around neurons in the CNS.

Myelin Sheath

A fatty layer surrounding nerve fibers, which increases the speed at which electrical impulses propagate along the nerve cell.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Dendrite

A branched projection of a neuron that receives electrical signals from other neurons.