When the price of output is 12 and the marginal product of labor is 3, the value
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Question:
When the price of output is £12 and the marginal product of labor is 3, the value of the marginal product of labor is ____. We should expect that the marginal product of labor will ____ as more labor is added
a. £36; increase
b. £36; decrease
c. £4; increase
d. £4; decrease
e. £36; neither increase or decrease.
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