The Marginal Product of Labor (MPL)measures ________

question 82

Multiple Choice

The marginal product of labor (MPL) measures ________.

• A)by how much labor increases for each additional unit of output
• B)by how much labor increases for each additional unit of capital
• C)by how much total factor productivity increases for each additional unit of labor
• D)by how much labor increases for each additional unit of productivity
• E)by how much output increases for each additional unit of labor

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Definitions:

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The duty of individuals, organizations, and businesses to act in the best interest of society at large, often encompassing ethical, environmental, and philanthropic considerations.

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The duty to act in a morally correct manner, considering the impact of one’s actions on others and adhering to principles of fairness and justice.

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