The value of marginal product of labor
A) is the change in total product that results from selling one more unit of a good.
B) is equal to the price of the good produced multiplied by the marginal product of labor.
C) is equal to marginal revenue multiplied by the quantity.
D) increases as the amount of labor employed increases.
Correct Answer:
Verified
Q12: Profit is the factor price for
A) capital.
B)
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
Q18: The value of marginal product of labor
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: 
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