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The Change in a Firm's Revenue as a Result of Hiring

Question 57

Multiple Choice
The change in a firm's revenue as a result of hiring one more worker

The change in a firm's revenue as a result of hiring one more worker


A) is the definition of the marginal product of labor.
B) is equal to the firm's marginal cost.
C) is the definition of the marginal revenue product of labor.
D) will be negative if the demand for the firm's output is inelastic.

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