Multiple Choice
The marginal revenue product of labour is the change in the value of the firm's output resulting from
A) a change in the product's price.
B) an increase in the marginal physical product of labour.
C) a change in the wage rate paid to labour.
D) producing one more unit of output.
E) hiring one more unit of labour input.
Correct Answer:
Verified
Correct Answer:
Verified
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