The Change in a Firm's Revenue as a Result of Hiring

question 252

Multiple Choice

The change in a firm's revenue as a result of hiring one more worker

• A)is the definition of the marginal product of labor.
• B)is equal to the firm's marginal cost.
• C)is the definition of the marginal revenue product of labor.
• D)will be negative if the demand for the firm's output is inelastic.

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