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What Is the Definition for the Marginal Revenue Product of Labour

Question 43

Multiple Choice

What is the definition for the marginal revenue product of labour?


A) The change in the firm's revenue as a result of selling one more unit of output.
B) The change in the firm's output as a result of hiring one more worker.
C) The change in the firm's profit as a result of hiring one more worker.
D) The change in the firm's revenue as a result of hiring one more worker.

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