The Marginal Resource Cost of Labor for a Firm Refers

question 161

Multiple Choice

The marginal resource cost of labor for a firm refers to the

• A) additional cost of each additional unit of labor employed.
• B) additional cost of producing each extra unit of output.
• C) same concept as the marginal cost of the firm.
• D) same concept as the marginal revenue product of a firm.

---

Definitions:

Cash Dividends

Payments made by a company from its earnings to its shareholders in the form of cash.

Operating Activities

Comprises the primary activities of a business that relate to providing goods and services, generating revenue, and paying expenses.

Comparative Balance Sheet

A financial statement that presents a company's financial position at different points in time side-by-side to assess changes in assets, liabilities, and equity.

Cash Dividend

A cash dividend is a payment made by a company to its shareholders, typically from its profits, in the form of cash or electronic funds transfer.