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Basic Question 9 of 13
The increase in output obtained by hiring an additional worker is known as the ______.
B. marginal product
C. total product
A. average product
B. marginal product
C. total product
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Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2025 Level I Curriculum, Volume 1, Module 1.