Multiple Choice
The marginal product of labor is the
A) additional amount of consumer goods that can be bought from an additional hour's worth of work.
B) additional amount of inputs a firm demands based on a change in consumer demand for the output.
C) additional amount of output that can be produced from hiring one more worker.
D) decreasing amount of output that can be produced from hiring one more worker.
E) value of production from the last worker hired.
Correct Answer:

Verified
Correct Answer:
Verified
Q150: Of the total income earned in the
Q151: Use the following table,which shows the supply
Q152: Tamar's sister complains that Tamar gets paid
Q153: Which of the following is an example
Q154: The rental price of land is the<br>A)
Q156: Use the following table to answer the
Q157: The markets for factors of production differ
Q158: Companies outsource their operations because<br>A) the weather
Q159: Use the following table to answer the
Q160: As Apple's iPads become more popular,we can