Multiple Choice
Marginal product of labour is the increase in total product that results from a
A) one-unit increase in the quantity of labour employed,other inputs remaining the same.
B) one-unit increase in the quantity of fixed inputs employed,holding the quantity of labour constant.
C) $1 increase in the cost of labour.
D) change in the total cost of labour.
E) one-unit increase in the minimum efficient scale.
Correct Answer:

Verified
Correct Answer:
Verified
Q121: The total output produced with any quantity
Q122: Normal profit is the _.Normal profit _
Q123: Use the figure below to answer the
Q124: Marginal product<br>A)is always negative.<br>B)equals the slope of
Q125: Choose the correct equation.<br>A)TFC = TC/Q<br>B)TFC =
Q127: If the marginal product of the fifth
Q128: When the marginal product of labour is
Q129: If the ATC curve is rising then
Q130: Which of the following are correct? According
Q131: Use the figure below to answer the