The Increase in a Firm's Revenues Created by Hiring an Additional

question 18

Multiple Choice

The increase in a firm's revenues created by hiring an additional worker is called:

• A) marginal revenue.
• B) marginal revenue of labor.
• C) marginal product.
• D) marginal product of labor.

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Definitions:

Eye Movement

The voluntary or involuntary movement of the eyes, which can be essential for visual tracking and focusing.

Dilate Blood Vessels

The process of widening or expanding the lumens of blood vessels, often to increase blood flow to certain areas of the body.

Glossopharyngeal Nerves

Cranial nerves IX that innervate the tongue and pharynx, playing key roles in taste, swallowing, and salivation.

Salivary Glands

Exocrine glands that produce saliva to initiate digestion and moisten the mouth.