Multiple Choice
The marginal product of labor is
A) the value of output for an addition dollar's worth of input.
B) output divided by the quantity of labor.
C) the additional output produced by adding an additional unit of labor.
D) the price of the output produced by increasing labor.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: What is Real Business Cycle Theory? What
Q7: Which of the following will increase the
Q8: Which of the following are endogenous variables
Q9: An increase in immigration would<br>A)have no effect
Q10: A vertical aggregate supply schedule implies that<br>A)real
Q12: Is there a positive or negative relationship
Q13: Suppose that the government imposes a tax
Q14: The classical economists attacked the mercantilist propositions
Q15: Explain how an increase in technology,which increases
Q16: If the demand for labor is plotted