The Value of the Marginal Product of Labour Is the

question 53

Multiple Choice

The value of the marginal product of labour is the

• A) price of the output times the wage of labour.
• B) price of the output times the marginal product of labour.
• C) value of the output of all units of labour employed.
• D) wage of labour times the quantity of labour.
• E) wage of labour times the marginal product of labour.

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Definitions:

U.S. Dollars

The currency of the United States, used as the standard monetary unit.

Consolidation Worksheet

A financial document used for combining the financial statements of a parent company with its subsidiaries to present as one entity.

Equity Method

An accounting method used to assess the profits earned by investments in other companies by recording income equivalent to the investor's share of the investee's profits.

Cumulative Translation Adjustment

An entry in the comprehensive income section of a company's balance sheet that represents the aggregate effect of exchange rate changes on the translation of foreign subsidiaries' financial statements.