Multiple Choice
The value of marginal product of labour is the revenue
A) generated by selling an additional unit of output.
B) needed to hire an additional unit of labour.
C) generated by the employment of an additional unit of labour.
D) needed to cover the cost of producing an additional unit of output.
E) generated to cover the cost of hiring an extra unit of labour.
Correct Answer:
Verified
Correct Answer:
Verified
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