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.
c
Economics
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Printing money was the main method the Union government used to finance the Civil War (1861–1865), and as a result the money supply in the North rose by a factor of 4
Indicate whether the statement is true or false
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Lower marginal tax rates facilitate a higher return to innovative and risk-taking behavior
a. True b. False
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