The Marginal Product of Labor Is

question 236

Multiple Choice

The marginal product of labor is

• A)the payment made to workers for their contribution to the output they produce.
• B)equal to the demand for labor.
• C)the change in a firm's revenue as a result of hiring one more worker.
• D)the additional output a firm produces as a result of hiring one more worker.

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Definitions:

Reporting Requirements

Specific guidelines and regulations dictating the financial and operational information that organizations must compile and present.