The Marginal Product of Labor Is

question 208

Multiple Choice

The marginal product of labor is:

• A) the additional output produced by an extra worker.
• B) the increase in costs borne by the firm when one extra worker is hired.
• C) always greater than the wage earned by one additional worker.
• D) the increase in firm revenue when an additional worker is employed.

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Definitions:

Muscle Tremors

Involuntary, rhythmic muscle contractions that result in shaking movements in one or more parts of the body.

Delusions

False beliefs held despite strong evidence against them, often a symptom of psychological disorders.

Persecution

The act of persistently harassing or oppressing someone, often due to their beliefs or identity.

Paranoia

A psychological condition characterized by delusions of persecution or grandeur, often without a plausible basis.