The marginal product of labor is
A) the payment made to workers for their contribution to the output they produce.
B) equal to the demand for labor.
C) the change in a firm's revenue as a result of hiring one more worker.
D) the additional output a firm produces as a result of hiring one more worker.
Correct Answer:
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Q40: In the legal sector, some practice areas
Q41: As more output is produced, the marginal
Q42: The demand for labor depends primarily on
Q43: A firm's demand curve for labor slopes
Q44: The demand for labor is different from
Q46: Holding the price of a firm's output
Q47: For a firm that is a price
Q48: A firm should hire more workers to
Q49: The marginal revenue product of labor is
Q50: The demand curve for labor is also
A)the
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