The marginal benefit of labor equals the marginal-revenue product of labor,which is

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The marginal-revenue product of labor is defined as the extra revenue generated by one additional unit of labor, which aligns with choice B. This concept is crucial in understanding how firms decide on the amount of labor to employ, as they aim to match the marginal benefit of labor (what they gain from hiring an additional worker) with the marginal-revenue product of labor (the additional revenue that worker brings in).

The Marginal Benefit of Labor Equals the Marginal-Revenue Product of Labor,which