The marginal revenue of labour refers to:
A)he technology employed by organizations
B)the difference in technology across industries and new technology within the same industry
C)the additional output from the employment of one additional person
D)the level of demand for a product
E)the low-wage, no-mix strategy employed by organizations

Question

Quizplus · Accepted Answer

The marginal revenue of labour is the additional output or revenue generated from employing one more unit of labor, typically measured as the additional output produced by an additional worker.

The Marginal Revenue of Labour Refers To