The Benefit to the Firm from Hiring One Additional Worker

question 162

Multiple Choice

The benefit to the firm from hiring one additional worker is called the

• A)marginal revenue product of labor.
• B)marginal revenue.
• C)marginal profit.
• D)total revenue.

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Definitions:

Host Country

The country in which a multinational company operates a facility outside of its home base, subject to the host country's laws, regulations, and cultural expectations.

World Trade Organization

The World Trade Organization (WTO) is an international organization that regulates and facilitates international trade between nations, aiming to ensure smooth, fair, and free trade.

International Trade

The exchange of goods, services, and capital across international borders or territories, fostering global economic integration.

Disputes

Conflicts or disagreements that arise between parties over a particular issue, which may require resolution through negotiation, mediation, or legal means.