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January 30, 2023

Explain a situation where you are more concerned about average product of labor and marginal product of labor when hiring. At what point do you hire more employees?

General Questions

Question 1: Explain a situation where you are more concerned about average product of labor and marginal product of labor when hiring. At what point do you hire more employees?

Question 2: What happens to production as you move along the marginal returns of labor curve in the short and long run?

Provide at least 1 credible resources to support discussion

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