Marginal Product of Labor Refers to the

question 416

Multiple Choice

Marginal product of labor refers to the

• A)last unit of output produced by labor at the end of each period.
• B)increase in output resulting from employing one more unit of labor.
• C)total output divided by the number of labor employed.
• D)smallest unit of the output produced by labor.

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Definitions:

Rates of Return

Financial results such as gains or losses on an investment over a predetermined time frame, expressed as a percentage of the original investment fee.

Net Cash Flows

The amount of cash that is generated or lost by a business in a given time period, calculated as cash inflows minus cash outflows.

Rate of Return

The returns or deficits generated by an investment over a certain span, represented as a percentage of the initial financial commitment.

Annual Dividend

The total dividend payment a company makes to its shareholders in a year, often expressed on a per share basis.