Multiple Choice
The marginal revenue product of labour is defined as
A) the change in the firm's revenue as a result of selling one more unit of output.
B) the change in the firm's output as a result of hiring one more worker.
C) the change in the firm's profit as a result of hiring one more worker.
D) the change in the firm's revenue as a result of hiring one more worker.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Which of the following would cause an
Q8: If a worker can produce 20 units
Q13: <br>-Refer to Table 12-2. The marginal profit
Q19: What is the present value of $888
Q21: Wage differences among workers of different races
Q131: A profit-maximising firm should hire workers up
Q172: If a firm is the sole employer
Q172: A decrease in the amount of human
Q197: If you want to know the present
Q207: The labour supply for an industry would