The Value of Marginal Product of Labor Is the Change

question 62

Multiple Choice

The value of marginal product of labor is the change in

• A) profit from hiring one more worker.
• B) output from hiring one more worker.
• C) total revenue from hiring one more worker.
• D) profit from producing one more unit of output.

---

Definitions:

Ethical Training

Education and activities aimed at teaching individuals or employees about proper moral behavior and decision-making.

Role-play Training

A technique where people simulate a role or context in order to practice behaviors, strategies, or problem-solving skills.

Selling Skills

Competencies related to effectively persuading customers to purchase a product or service, including communication, negotiation, and empathy.

Negotiation Skills

The abilities that allow individuals to reach agreements or compromises by discussion, aiming for mutually beneficial outcomes.