The Marginal Resource Cost of Labor for a Firm Refers

question 65

Multiple Choice

The marginal resource cost of labor for a firm refers to the

• A)additional cost of each additional unit of labor employed.
• B)additional cost of producing each extra unit of output.
• C)same concept as the marginal cost of the firm.
• D)same concept as the marginal revenue product of a firm.

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Definitions:

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