Value of marginal product of labor is the ________ when one additional unit of a labor is employed, all other things remaining the same.

Name: Value of marginal product of labor is the ________ when one additional unit of a labor is employed, all other things remaining the same.
Brand: Quizplus
Rating: 4.9 (61 reviews)

Question

Quizplus · Accepted Answer

The value of the marginal product of labor is the change in total revenue that results from employing one additional unit of labor, holding all other factors constant.

Value of Marginal Product of Labor Is the ________ When