The additional output from one more worker is known as

Question

Quizplus · Accepted Answer

The additional output produced by an additional worker is known as the marginal physical product. Marginal revenue product is the additional revenue generated by an additional worker, while marginal factor cost is the additional cost of hiring an additional worker. Marginal wage is the change in wage paid to an individual worker as a result of a change in the number of workers employed. Therefore, the best choice is B, as it accurately describes the concept being referred to in the question.

The Additional Output from One More Worker Is Known as