Multiple Choice
Marginal revenue product measures the
A) amount by which the addition of one more worker increases a firm's total revenue.
B) decline in product price that a firm must accept to sell the extra output of one more worker.
C) increase in total resource cost resulting from the hire of one extra unit of a resource.
D) increase in total revenue resulting from the production of one more unit of a product.
Correct Answer:

Verified
Correct Answer:
Verified
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