The additional cost to a producer of hiring an additional unit of labour is called the 'marginal cost'.

Name: The additional cost to a producer of hiring an additional unit of labour is called the 'marginal cost'.
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This statement is true. The marginal cost of hiring an additional unit of labor refers to the incremental cost incurred by the producer when adding one more unit of labor to the production process.

The Additional Cost to a Producer of Hiring an Additional