The Change in a Firm's Revenue as a Result of Hiring

question 42

Multiple Choice

The change in a firm's revenue as a result of hiring one more worker

• A)is the definition of the marginal product of labour.
• B)is equal to the firm's marginal cost.
• C)is the definition of the marginal revenue product of labour.
• D)will be negative if the demand for the firm's output is inelastic.

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Definitions:

Crustal Material

Any geological materials that make up the crust of the Earth, encompassing rocks, minerals, and sediments.

Lithosphere

The lithosphere is the rigid, outer layer of the Earth, comprising the crust and the upper part of the mantle.

Elevation

The height of a location above a specific reference point, usually above sea level.

Deformation

The alteration of the shape or size of rocks due to stress or strain, including processes like folding, faulting, and shearing.