The Marginal Revenue Product of Labor Is

question 152

Multiple Choice

The marginal revenue product of labor is

• A) the additional revenue a firm earns by employing one additional unit of labor.
• B) the additional profit a firm earns by employing one additional unit of labor.
• C) the marginal product of capital times the price of labor.
• D) the additional revenue the firm makes by selling one unit of labor.

---

Definitions:

Prescribing Medication

The process by which a licensed healthcare practitioner authorizes the use of a specific drug for a patient to treat a condition or disease.

Community Residence

A living arrangement where individuals with similar needs, such as the elderly or those with disabilities, live and receive care and support.

Group Home

A special home where people with disorders or disabilities live and are taught self-help, living, and working skills.