Marginal resource cost is the
A) cost of hiring another unit of a resource
B) additional revenue generated by hiring one more unit of a resource
C) additional output generated by hiring one more unit of a resource
D) total cost of hiring a resource
E) average cost of hiring a resource
Correct Answer:
Verified
Q64: If coal and oil are substitute inputs
Q75: If a firm is using a resource
Q177: If the wage is below the marginal
Q178: In a perfectly competitive labor market, a
Q179: A curve that shows the cost to
Q180: A profit-maximizing firm will hire units of
Q181: The smaller the quantity and quality of
Q185: The market price of output affects
A)the supply
Q186: If the marginal product of labor increases
Q187: Which of the following are complementary resources?
A)margarine
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