Multiple Choice
The additional output produced when one additional worker is hired is referred to as the __________ of labor.
A) marginal revenue product
B) marginal revenue
C) supply
D) marginal product
E) total revenue product
Correct Answer:
Verified
Related Questions
Q59: The wage premium for the average college
Q60: Assume that the labor market for auto
Q61: Jordan and Jennifer are musicians in New
Q62: For any resource it hires,a firm's marginal
Q63: Sally's Salon sells haircuts in a perfectly
Q65: The marginal product of labor
A)measures the contribution
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