The Definition for the Marginal Product of Labour Is

question 120

Multiple Choice

The definition for the marginal product of labour is

• A)the additional sales revenue that results when one more worker is hired.
• B)the additional output that results when one more worker is hired, holding all other resources constant.
• C)the additional number of workers required to produce one more unit of output.
• D)the cost of hiring one more worker.

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Definitions:

Componential Intelligence

One aspect of triarchic theory of intelligence, focusing on analytical abilities such as problem-solving and logical reasoning.

Altruistic Intelligence

The cognitive and emotional capacity to understand and act in the interest of others' welfare, above one's own interests.

Stanford-Binet

An intelligence test that measures cognitive abilities across five factors, used to assess intellectual development and potential.

Wechsler

Refers to a series of standardized tests used to evaluate cognitive abilities and intellectual abilities, including the Wechsler Adult Intelligence Scale (WAIS).