"The Extra Output,measured in Dollars,that Accrues to Society When an Additional

question 38

Multiple Choice

"The extra output,measured in dollars,that accrues to society when an additional unit of labor is employed" best describes:

• A)marginal product
• B)marginal revenue product
• C)value of marginal product
• D)total revenue product

---

Definitions:

War On Obesity

Refers to efforts and policies aimed at reducing obesity rates through public health campaigns, nutritional education, and interventions.

Quota Rent

The earnings above the normal profit that producers receive due to an imposed quota, limiting the quantity of goods available.

Clams

Marine bivalve mollusks known for their edible soft bodies enclosed within a hard shell.

Government Imposes

Refers to regulations, taxes, or policies that a governmental body enforces on individuals or organizations.