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Business, 07.08.2019 00:10 Cate9216

The term efficiency units of labor is the a. slope of the production function at the steady-state equilibrium point. b. product of the number of workers and the level of human capital. c. number of workers that can be used in a production process before diminishing marginal product of labor sets in. d. number of workers that can efficiently work in a production process, given current levels of technology and physical capital.

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