The Additional Output Obtained by Adding Another Unit of Labor

question 84

Multiple Choice

The additional output obtained by adding another unit of labor to the production process is called

• A)the marginal cost of labor
• B)the average output of labor
• C)a variable cost
• D)the marginal product of labor
• E)the marginal utility of labor

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Definitions:

Encoding-Specificity

A principle stating that memory recall is most effective when information available at the time of encoding is also present at the time of retrieval.

Word Pairs

is a cognitive task involving the linking of two words together, often used to test memory or associative learning.

Recall

The act of retrieving information or memory from the past, which can vary in effort depending on how the information was encoded and stored.

Decay

The process of gradual deterioration or the breakdown of organic matter resulting from natural physical or chemical processes.