The Value of Marginal Product of Labour Is the Revenue

question 92

Multiple Choice

The value of marginal product of labour is the revenue

• A)generated by selling an additional unit of output.
• B)needed to hire an additional unit of labour.
• C)generated by employing an additional unit of labour.
• D)needed to cover the cost of producing an additional unit of output.
• E)generated to cover the cost of hiring an extra unit of labour.

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Definitions:

Part-time Basis

Employment status where an individual works fewer hours than a full-time schedule, typically offering greater flexibility.

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