Solved

The Marginal Product of Labour Is Defined as

Question 62

Multiple Choice

The marginal product of labour is defined as


A) the additional sales revenue that results when one more worker is hired.
B) the additional output that results when one more worker is hired, holding all other resources constant.
C) the additional number of workers required to produce one more unit of output.
D) the cost of hiring one more worker.

Correct Answer:

verifed

Verified

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

Related Questions