The Value of the Marginal Product of Labor Is Equal

question 453

Multiple Choice

The value of the marginal product of labor is equal to the change in

• A)marginal cost caused by the addition of the last worker.
• B)total cost caused by the addition of the last worker.
• C)total revenue caused by the addition of the last worker.
• D)total profit caused by the addition of the last worker.

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Definitions:

Relaxation Techniques

Methods or activities designed to reduce stress and anxiety, promoting a sense of calm.

Blended Family

A family unit composed of a couple and their children from this and all previous relationships.

Custody

The protective care or guardianship over someone or something, often used in legal contexts to describe responsibility for children.

Role Strain

The stress or strain experienced by an individual when they cannot fulfill the demands or expectations of a particular social role.