Multiple Choice
The marginal value product of labor measures:
A) the profit that a firm receives by selling the extra output made by an extra worker.
B) the addition made to total output by an additional worker.
C) the revenue a firm receives by selling the total output made by all workers.
D) the extra revenue earned by a firm selling the extra output made by an extra worker.
Correct Answer:
Verified
Correct Answer:
Verified
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