The additional revenue a firm obtains when it hires an additional worker (holding other inputs constant) is the
A) marginal revenue product (MRP) of labor.
B) total factor cost (TFC) per worker.
C) general rule for hiring.
D) marginal physical product (MPP) of labor.
Correct Answer:
Verified
Q121: The MRP of labor will shift to
Q122: Q123: The additional output from one more worker Q124: The demands for labor and other input Q125: Q127: If the marginal factor cost of hiring Q128: The cost of hiring one more worker, Q129: The additional cost associated with hiring one 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
