An additional worker hired, produces extra output that is sold. The change in total revenue due to this is
A) marginal product revenue.
B) marginal revenue product.
C) worker marginal revenue.
D) worker marginal product.
Correct Answer:
Verified
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
Q21: The marginal cost of an additional worker
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
Q27: Use the data in Table: Larry's
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