The marginal product of labor (MPL) can be calculated from the following ________

A) the labor share of income and the average output per unit of labor
B) the labor share of income and average labor per worker
C) output and labor
D) the labor share of income and output
E) none of the above

A

Economics

You might also like to view...

An increase in the equilibrium price and the equilibrium quantity would be caused by an increase in demand

a. True b. False Indicate whether the statement is true or false

Economics

Interest rates would __________ if the supply of loanable funds decreased.

A. stay the same B. decline C. rise

Economics