Which Is an Accurate Definition of the Marginal Cost of Labor

question 14

Multiple Choice

Which is an accurate definition of the marginal cost of labor?

• A)The marginal cost of labor is the fixed cost of production
• B)The change in revenue from one more unit of product
• C)The additional cost from producing one more unit of product
• D)The additional cost from hiring one more worker

Comprehend the composition and calculation of product costs.

Distinguish between different types of manufacturing costs, including factory overhead.

Recognize the three major cost components of a manufactured product.

Calculate the cycle time for a manufacturer using the proper formula.

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Definitions:

Glycogen

A multibranched polysaccharide of glucose that serves as a form of energy storage in animals and fungi.

Glucose

A simple sugar that is an important source of energy for cells and the primary form of sugar transported in the blood.

HCl

Hydrochloric acid, a strong acid formed by the solution of hydrogen chloride in water, which is a major component of gastric acid in the digestive system.

Digestion

Digestion is the process by which food is broken down in the gastrointestinal tract into nutrients that can be absorbed and utilized by the body.