The Value of Marginal Product of Labor Is the Change

question 62

Multiple Choice

The value of marginal product of labor is the change in

• A) profit from hiring one more worker.
• B) output from hiring one more worker.
• C) total revenue from hiring one more worker.
• D) profit from producing one more unit of output.

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Definitions:

Operating Indefinitely

A business condition where it is expected that the company will continue its operations without a foreseeable end.

Future Benefits

Expected economic advantages gained from current investments, actions, or decisions.

Business

An organization or enterprise engaged in commercial, industrial, or professional activities with the aim of generating profits.

Business Activities

Operations, tasks, or functions that a company engages in as part of its pursuit of economic gain.