If the firm hires more labor, everything else held constant, then
A) the marginal product of labor falls.
B) output decreases.
C) there is an increase in the marginal product of labor.
D) total factor productivity falls.
A
Economics
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a. represents the union rank-and-file members b. represents the management side c. is an impartial observer d. can call a strike e. can force both sides to agree to a contract
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