What is the benefit to the firm from hiring one more additional worker?
A) Marginal revenue product of labour.
B) Marginal revenue.
C) Marginal profit.
D) Total revenue.
Correct Answer:
Verified
Q42: Figure 12.2 Q43: What is the definition for the marginal Q44: As more output is produced, the marginal Q45: A firm's demand curve for labour slopes Q46: A firm should hire more workers to Q48: Holding the price of a firm's output Q49: The difference between the marginal product of Q50: The change in a firm's revenue as Q51: For a firm that is a price Q52: Marginal revenue product falls as more labour
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