The extra revenue that results from hiring another worker is
A) the marginal revenue of output.
B) the marginal revenue product of labor.
C) the average revenue of output.
D) the marginal input cost.
Correct Answer:
Verified
Q25: As output rises,
A)marginal revenue product declines.
B)marginal revenue
Q26: A decline in the wage rate would
A)raise
Q27: Which of the following will not cause
Q28: A rise in the marginal revenue product
Q29: An increase in the price of crude
Q31: The most important influence on the marginal
Q32: Increases in the productivity of labor tend
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