The Value of a Worker's Marginal Product ________

question 48

Multiple Choice

The value of a worker's marginal product ________.

• A) is the additional revenue that the worker brings in to a firm
• B) is always equal to the maximum price at which the product produced by the worker can be sold in a market
• C) is the increment in the total cost of a firm when the worker is hired
• D) equals the average product of a firm that hires the worker divided by the marginal product of the worker

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Definitions:

Customer Exposure Rate

The proportion of a target audience that gets exposed to a product or service over a specific time period.

Product Layout

An arrangement of machinery, equipment, and workstations where products move sequentially through different stages of production based on the manufacturing process.

Task Time

The duration required to complete a specific task or activity.

Equalize

The process of making things equal or balanced, often in terms of distribution or allocation.