Solved

The Change in Total Output That Occurs with a One-Unit

Question 52

Multiple Choice

The change in total output that occurs with a one-unit change in labor is called the


A) average productivity of labor.
B) marginal product of labor.
C) total product of labor.
D) marginal benefit of labor.
E) marginal cost of labor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q47: Total revenue always increases if price increases.

Q48: Total revenue is the price of a

Q49: When the production function gets flatter as

Q50: Total costs include all of the following

Q51: Production in the short run requires
A)no factor

Q53: By definition, a profit-maximizing firm is a

Q54: Exhibit 6-1 Exhibit 6-1 </p></div><svg width=

Q55: A production function shows the relationship between
A)variable

Q56: Profit maximization is the assumption for all

Q57: Diminishing returns occur when the
A)marginal product of

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents