The Amount That an Additional Unit of a Factor Adds

question 163

Multiple Choice

The amount that an additional unit of a factor adds to a firm's total revenue is called:

• A) marginal revenue.
• B) marginal cost.
• C) additional revenue product.
• D) marginal revenue product.

---

Definitions:

Appalachian Accent

A regional dialect found in the Appalachian region of the United States, marked by distinctive phonological features.

Blue-Collar Worker

An employee who performs manual labor, often in industries like manufacturing, construction, and maintenance, usually paid hourly.

Highly Paid CEO

An executive officer of a company who receives compensation significantly above the average for their role, often reflecting the size, profitability, and complexity of the organization.

Overtime Hours

Time worked by employees beyond their regular working hours, typically eligible for additional compensation.