If the Extra Output That Is Produced by Hiring One

question 16

Multiple Choice

If the extra output that is produced by hiring one more unit of labor adds more to _ than to ________, the firm will increase its profit by increasing the use of labor.

• A)total cost; total revenue
• B)total revenue; total cost
• C)marginal cost; marginal revenue
• D)marginal revenue; marginal cost

---

Definitions:

Abstracts

Summarized documents or records that present the essential information from larger documents without including all the details.

U.S. Court of Appeals

Intermediate appellate courts within the United States federal judiciary system that review decisions of federal district courts, regulatory commissions, and other federal courts, playing a significant role in the interpretation of U.S. law.

Federal Circuit

The Federal Circuit is a United States appellate court with specialized jurisdiction, notably in patent law and cases arising from certain federal laws.

Merit Systems Protection Board

A federal agency that protects the rights of federal civil service employees, ensuring they are treated fairly and can challenge wrongful employment actions.