The benefit of hiring an extra worker is termed
A) the marginal product of labour.
B) the value of marginal product of labour.
C) the value of total product of labour.
D) the average product of labour.
E) output.
Correct Answer:
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Q1: The relationship between labour usage and output
Q3: The relationship between labour usage and output
Q4: The optimal number of workers for a
Q5: The value of marginal product
A) is equal
Q6: One of the reasons why the majority
Q7: Lou's marginal product is 12,the firm's output
Q8: Firms tend to assess wage compensation to
Q9: When a highly qualified individual is eliminated
Q10: If Billy's value of marginal product is
Q11: A firm is interested in what other
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