The marginal cost of an additional worker is the change in
A) the company's total cost when one extra worker is hired.
B) total cost when one more unit of output is produced by an extra worker.
C) revenue minus the change in total cost when an extra worker is hired.
D) costs after adjustment for revenue due to an extra worker.
Correct Answer:
Verified
Q16: The marginal product of labor is the
A)amount
Q17: The marginal revenue from hiring an additional
Q18: Marginal revenue product is the
A)change in revenue
Q19: The marginal revenue product is equal to
Q20: The marginal revenue product of labor is
Q22: An additional worker hired, produces extra output
Q23: An employer should hire one more worker
Q24: Employers should hire more workers when the
Q25: The Rational Rule for Employers says to
Q26: Use the data in Table: Pat's
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