The marginal product of labour is
A) the extra revenue a firm receives from adding one more unit of labour, holding everything else constant.
B) the extra output a firm receives from adding one more unit of labour, holding everything else constant.
C) the extra income a firm receives from adding one more unit of labour, holding everything else constant.
D) the supply of labour for a firm.
Correct Answer:
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Q5: Figure 6.3 Q6: Figure 6.1 Q7: Figure 6.2 Q8: In the short run,the labour supply curve Q9: If Alberto Reyes increases his work hours Q11: The combined effect of a real wage Q12: Figure 6.3 Q13: Changes in all of the following will Q14: Figure 6.2 Q15: Figure 6.1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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