The Value of the Marginal Product of Labor Is Equal

question 453

Multiple Choice

The value of the marginal product of labor is equal to the change in

• A)marginal cost caused by the addition of the last worker.
• B)total cost caused by the addition of the last worker.
• C)total revenue caused by the addition of the last worker.
• D)total profit caused by the addition of the last worker.

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Definitions:

Middle-aged Women

Women who are in the middle stage of life, typically considered to be between the ages of 40 and 60.

Kinkeeper

Someone who becomes the gatherer and communication hub for their family.

Family Holidays

Specific occasions or periods designated for family members to celebrate, rest, or engage in shared activities and traditions.

Sandwich Generation

Adults who are simultaneously caring for their aging parents and their own children.