The Change in Total Output When One Additional Unit of Labor

question 51

Multiple Choice

The change in total output when one additional unit of labor is hired is known as the

• A)capacity utilization rate
• B)average product of labor
• C)marginal product of labor
• D)total product of labor
• E)marginal output of labor

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Definitions:

Non-Controlling Interest

The portion of equity interest in a subsidiary not attributable to the parent company, reflecting the minority shareholders' stake.

Net Identifiable Assets

The aggregate of all assets acquired from a company, minus liabilities assumed, that can be assigned a fair value during a merger or acquisition.

Upstream Sale

A transaction in which a subsidiary sells goods to its parent company, affecting intercompany transactions and profit figures.

Consolidated Financial Statements

Financial statements that aggregate the financial position and results of operations of a parent and its subsidiaries, presenting the economic activities as those of a single entity.