The Additional Revenue Obtained by a Firm When It Hires

question 147

Multiple Choice

The additional revenue obtained by a firm when it hires an additional worker, holding other inputs constant, is

• A) the marginal physical product of labor.
• B) the marginal revenue product of labor.
• C) the marginal cost of labor.
• D) equal to total revenue divided by the number of workers.

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Definitions:

Javax.swing

A Java package for creating graphical user interfaces (GUIs) that extends the Abstract Window Toolkit (AWT).

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A component in Java Swing that represents a checkbox which can either be checked or unchecked by the user.