Business Administration Bachelor's Degree

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Economics Entrance Tests: Certification Test 21

Demand for Labor Notes App Download & PDF e-Book - 21

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MCQ: 21

In a perfectly competitive market, the firm's marginal revenue product of labor is known as

  1. marginal propensity to consume
  2. marginal physical product of labor
  3. value of the marginal product of labor
  4. marginal cost of labor

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