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:

Health Status

An individual's overall condition of body and mind in terms of the presence or absence of illness, disability, and the ability to function physically and mentally.

Alleviate Symptoms

Actions or treatments aimed at reducing the severity of symptoms associated with an illness or condition.

Personal Factor

An individual's characteristics, traits, or attributes that can influence their behavior, attitudes, and responses in various situations.

Ethnic Group

Groups of individuals united by distinct cultural, linguistic, or historical traits.