The Marginal Product of Labor Is the

question 155

Multiple Choice

The marginal product of labor is the

• A) additional amount of consumer goods that can be bought from an additional hour's worth of work.
• B) additional amount of inputs a firm demands based on a change in consumer demand for the output.
• C) additional amount of output that can be produced from hiring one more worker.
• D) decreasing amount of output that can be produced from hiring one more worker.
• E) value of production from the last worker hired.

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Definitions:

Long Stock

Holding a stock position with the expectation that it will increase in value over time.

Net Payoff

The actual gain or loss experienced after executing a financial transaction, taking into account all costs involved.

Covered Call Strategy

An options strategy wherein an investor holds a long position in an asset and sells call options on that same asset to generate income from the option premiums.

Price Stability

A situation in which prices in the economy do not change much over time, reducing uncertainty for consumers and producers, and is often a goal of central banks.