The Value of the Marginal Product of Labor Is Equal

question 453

Multiple Choice

The value of the marginal product of labor is equal to the change in

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

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Definitions:

Stressor Defense

Strategies or mechanisms adopted by an individual or system to protect against stress or stress-induced conditions.

Developmental Variable

A factor that undergoes change over time and influences the growth or development of an individual or system.

Optimal Wellness

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity, where an individual or group achieves a balance of health habits, mental stability, and social happiness.

System Variables

Components or factors within a system that can change and affect the system's behavior and outcomes.