The Marginal Physical Productivity of Labor Is Defined As

question 3

Multiple Choice

The marginal physical productivity of labor is defined as:

• A)a firm's total output divided by total labor input.
• B)the extra output produced by employing one more unit of labor while allowing other inputs to vary.
• C)the extra output produced by employing one more unit of labor while holding other inputs constant.
• D)the extra output produced by employing one more unit of capital while holding labor input constant.

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