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The Figure Below Shows the Supply Curve for Labor

Question 13

Multiple Choice

The figure below shows the supply curve for labor.Figure 16.1
The figure below shows the supply curve for labor.Figure 16.1    -The marginal ​revenue product is: A) ​the value of all the final goods and services produced by a firm. B) ​the value that an worker contributes to a firm. C) ​an increase in the profit of a firm with an increase in the output by one unit. D) ​the output per unit of worker employed by a firm. E) ​the value that all the unskilled workers contribute to a firm.
-The marginal ​revenue product is:


A) ​the value of all the final goods and services produced by a firm.
B) ​the value that an worker contributes to a firm.
C) ​an increase in the profit of a firm with an increase in the output by one unit.
D) ​the output per unit of worker employed by a firm.
E) ​the value that all the unskilled workers contribute to a firm.

Correct Answer:

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