Multiple Choice
The equilibrium value of the marginal product of a factor is the additional value produced by the _____ unit of that factor employed in the factor market as a whole.
A) first
B) last
C) most productive
D) least productive
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q114: In the U.S.labor market,women of all ethnicities
Q115: When a person receives more education,his or
Q116: The amount that an additional unit of
Q117: According to the marginal productivity theory of
Q118: Sam and Bob have the same educational
Q120: Which expression BEST describes the value of
Q121: Tim works 51 hours per week,and his
Q122: When wages increase,if the substitution effect dominates,the
Q123: Which factor will NOT shift the labor
Q124: Which statement is MOST likely an example