Multiple Choice
The marginal product of labour is:
A) the amount of capital that would have the same cost as an additional worker.
B) the additional output from an additional worker.
C) the amount of capital that one worker could replace keeping output constant.
D) the additional cost of an additional worker.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: The cost to a cab driver of
Q3: If STC = 3q<sup>2 </sup>+ 7q +
Q4: Which of the following would be considered
Q5: The costs that influence decisions to supply
Q6: If a firm uses a fixed- proportions
Q7: If STC = 7q<sup>3 </sup>+ 3q +
Q8: The total product function of a variable
Q9: Sam produces widgets according to the production
Q10: A firm should allocate its workforce
Q11: The higher the level of FC:<br>A)the lower