The Value of the Marginal Product of Labour Is Equal

question 14

Multiple Choice

The value of the marginal product of labour is equal to the change in:

• A)total revenue with the addition of the last worker
• B)total cost with the addition of the last worker
• C)total profit with the addition of the last worker
• D)marginal cost with the addition of the last worker

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Definitions:

Sensation-Type

A personality dimension focusing on individuals who prefer concrete, practical information and experiences.

Routine And Order

The structured and predictable pattern of activities or procedures that facilitate the smooth operation of an organization or daily life.

Known Facts

Information or data that have been confirmed to be true through evidence, observation, or agreement.

Work-Related Stressors

Elements or conditions within the workplace that contribute to stress among employees, potentially affecting their health and job performance.