Multiple Choice
What is the definition for the marginal revenue product of labour?
A) The change in the firm's revenue as a result of selling one more unit of output.
B) The change in the firm's output as a result of hiring one more worker.
C) The change in the firm's profit as a result of hiring one more worker.
D) The change in the firm's revenue as a result of hiring one more worker.
Correct Answer:
Verified
Correct Answer:
Verified
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