The Marginal Product of Labor Is Defined as

question 64

Multiple Choice

The marginal product of labor is defined as

• A)the change in total revenue that results when an additional unit of a labor is hired.
• B)the additional labor required to produce one more unit of output.
• C)the additional labor cost of producing one more unit of output.
• D)the change in output that a firm produces as a result of hiring one more worker.

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Definitions:

Scold

To reprimand or criticize someone harshly for a wrongdoing.

Humiliate

To cause a person a painful loss of pride, self-respect, or dignity; to embarrass or shame someone severely.

Strict Rules

Firm and unyielding guidelines or standards set to control behavior, often leaving little room for flexibility or discretion.

Self-Esteem

The subjective evaluation or perception of one's own worth or value as a person.