The Marginal Product of Labor Is Defined as the Change

question 186

Multiple Choice

The marginal product of labor is defined as the change in

• A)output per additional unit of revenue.
• B)output per additional unit of labor.
• C)revenue per additional unit of labor.
• D)revenue per additional unit of output.

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Definitions:

Cloud Computing

The provision of various services over the Internet, encompassing data storage, servers, databases, networking, and software.

Telecommuting

A work arrangement in which employees do not commute to a central place of work but instead work remotely, often from home, using the internet.

Chip-And-Pin Technology

A secure method for making credit and debit card transactions, using a microchip on the card and the cardholder entering a PIN.

LMS

Short for Learning Management System, it's a software application for the administration, documentation, tracking, reporting, and delivery of educational courses or training programs.