The marginal product of labor is defined as the increase in output attributable to the last worker hired divided by the total number of workers employed

Indicate whether the statement is true or false

FALSE

Economics

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The minimum wage is constant across the United States

a. True b. False

Economics

Refer to the table shown. Marginal cost:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200 

A. decreases and then increases. B. never increases. C. increases and then decreases. D. never decreases.

Economics