menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics The Basics
  4. Exam
    Exam 4: How Businesses Work
  5. Question
    The Extra Amount of Output a Business Can Generate by Adding
Solved

The Extra Amount of Output a Business Can Generate by Adding

Question 53

Question 53

Multiple Choice

The extra amount of output a business can generate by adding one more hour of labor is called


A) Marginal revenue.
B) Labor input.
C) Marginal cost.
D) Marginal product.

Correct Answer:

verifed

Verified

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

Related Questions

Q48: The _ summarizes the output of the

Q49: What word describes the goods and services

Q50: Explain how marginal product can be negative.

Q51: The hours of work supplied by various

Q52: If you add too many inputs,your business

Q54: As the market price of a good

Q55: Cost is what a business receives after

Q56: One strategy for long-term profit maximization is<br>A)

Q57: The total cost of production is determined

Q58: Economists generally assume that the main goal

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines