
The benefit to the firm from hiring one additional worker is called the
A) marginal revenue product of labor.
B) marginal revenue.
C) marginal profit.
D) total revenue.
Correct Answer:
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Q54: What is a factor market?
A)It is a
Q55: Which of the following describes a difference
Q56: Figure 17-2 Q57: The change in a firm's revenue as Q58: The term "derived demand" refers to Q60: Figure 17-2 Q61: A profit-maximizing perfectly competitive firm should hire Q62: An increase in a perfectly competitive firm's Q63: Figure 17-2 Q64: Suppose a competitive firm is paying a 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
A)the demand