Solved

The Marginal Product of Labour Is Defined as

Question 86

Multiple Choice

The marginal product of labour is defined as


A) the change in total revenue that results when an additional unit of a labour is hired.
B) the additional labour required to produce one more unit of output.
C) the additional labour cost of producing one more unit of output.
D) the change in output that a firm produces as a result of hiring one more worker.

Correct Answer:

verifed

Verified

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

Related Questions