When a firm hires a worker for one hour, the marginal benefit to that firm equals the
A) dollar value of the goods produced by that worker in one hour.
B) hourly wage of that worker.
C) number of items the worker produces in that hour.
D) price of each item that the worker produces in that hour.
Correct Answer:
Verified
Q2: Other things being equal, as diminishing marginal
Q3: In the short run, the marginal-revenue product
Q4: Applied to perfectly competitive labor markets, the
Q5: A curve that shows the relationship between
Q6: In a perfectly competitive labor market, the
Q7: The marginal revenue product of labor is
Q8: The marginal product of labor is the
A)
Q9: When a firm hires a worker for
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