Solved

The Value of a Worker's Marginal Product ________

Question 48

Multiple Choice

The value of a worker's marginal product ________.


A) is the additional revenue that the worker brings in to a firm
B) is always equal to the maximum price at which the product produced by the worker can be sold in a market
C) is the increment in the total cost of a firm when the worker is hired
D) equals the average product of a firm that hires the worker divided by the marginal product of the worker

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions