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If the marginal product of labor is increasing, the marginal cost of output must be
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Apr 22, 2019
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If the marginal product of labor is increasing, the marginal cost of output must be
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Campbeln
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Your answer would be, If the Marginal Product of labor increases/rises, The Marginal Cost of Output FALLS.
If the Marginal Product of labor Falls, The Marginal Cost of Output RISES.
Hope that helps!!!
Danny Thomas
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Apr 28, 2019
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