The Amount It Costs a Firm to Hire One More

question 128

Multiple Choice

The amount it costs a firm to hire one more worker is known as the

• A) marginal cost of labor.
• B) marginal factor cost.
• C) marginal product cost.
• D) marginal cost.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and functioning best under bright light conditions.

Response

A reaction or reply to a stimulus or a particular situation, ranging from physical responses in the body to complex emotional and cognitive reactions.

Hue

A color or shade in the color spectrum, defined by its wavelength of light.

Perceived Color

The characteristic of visual perception that is described through color categories such as red, blue, green, etc., which depends on the wavelength of light and interpretation by the brain.