The Value of the Marginal Product of Labor, VMPL, for the Perfectly

question 29

Multiple Choice

The value of the marginal product of labor, VMPL, for the perfectly competitive firm equals

• A)the total revenue the firm will get by selling the equilibrium amount of output.
• B)the extra revenue the firm gets by selling the output of one additional unit of labor.
• C)the revenue from the sale of one more unit of output.
• D)the price of the product being produced by labor.

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Definitions:

Hispanics

Individuals or communities that originate from Spanish-speaking countries, particularly those from Latin America and Spain.

Heterosexism

The belief in the natural superiority of heterosexuality as a way of life and therefore its logical right to dominance. Comprised of a system of ideas and institutionalized beliefs, it leads to the oppression of any non-heterosexual form of behaviour, identity, relationship, or community.

Same-sex Marriage

The legally or socially recognized marriage between two individuals of the same biological sex or gender identity.

Gender-neutral

Pertains to language or practices that avoid distinguishing roles or attributes according to people's sex or gender, promoting equality.