How Is the Marginal Product of Labour Defined

question 99

Multiple Choice

How is the marginal product of labour defined?

• A)As the change in total revenue that results when an additional unit of a labour is hired.
• B)As the additional labour required to produce one more unit of output.
• C)As the additional labour cost of producing one more unit of output.
• D)As the change in output that a firm produces as a result of hiring one more worker.

---

Definitions:

Global Village

A term coined to describe the phenomenon of the world becoming more interconnected, with information and culture being shared more universally.

Marshall McLuhan

A Canadian philosopher and communication theorist known for coining the expressions "the medium is the message" and "global village," examining the impacts of media on society.

Andy Warhol

An iconic American artist and leading figure in the visual art movement known as pop art, he was known for exploring the relationship between artistic expression, celebrity culture, and advertising.

Cultural Imperialism Thesis

The theory that suggests dominant cultures exert influence and impose their values, beliefs, and practices on other cultures through media and cultural products.