The value of marginal product of labor is the increase in
A) revenue created by producing one more unit of output.
B) revenue created by hiring one more unit of labor.
C) total product necessary to make revenue increase by one dollar.
D) total product generated by hiring one more unit of labor.
Correct Answer:
Verified
Q13: Consider the demand for labor in the
Q14: Which of the following groups lists the
Q15: The demand for a productive resource, not
Q16: The demand for factor is driven by
Q17: The value of marginal product of labor
A)
Q19: The increase in revenue created by hiring
Q20: The marginal product of labor is the
A)
Q21: A firm that can sell its output
Q22: Q23: 
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