When Labor Is the Only Variable Input Used in Production,marginal

question 8

Multiple Choice

When labor is the only variable input used in production,marginal cost [MC]:

• A)is inversely related to the marginal product of labor [MP_L].
• B)is inversely related to the wage rate [w].
• C)is positively related to MP_L.
• D)is negatively related to labor supply [S_L].

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