The value of the marginal product of labor is the
A) increase in revenue to a firm resulting from hiring an extra worker
B) additional output from hiring an additional worker
C) marginal product of labor divided by the price of the final output
D) price of the final output divided by the marginal product of labor
Correct Answer:
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Q51: Advocates of a higher federal minimum wage
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A)
Q53: The supply curve of labor decreases if
A)
Q54: The demand curve for labor is
A) upward
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