The Value of Marginal Product of Labor Is the Increase

question 120

Multiple Choice

The value of marginal product of labor is the increase in

• A) revenue created by producing one more unit of output.
• B) revenue created by hiring one more unit of labor.
• C) total product necessary to make revenue increase by one dollar.
• D) total product generated by hiring one more unit of labor.

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Definitions:

Shorten Sentences

A writing technique that involves reducing the length of sentences to improve clarity and readability.

Nouns

Words that identify people, places, things, or ideas, serving as the subject of a sentence or clause in language.

Parallel Construction

The use of consistent grammatical structures in writing or speech to present ideas of equal importance.

Grammatical Pattern

A specific arrangement and order of words in sentences, following the rules of a particular language, to express clear and precise meaning.