The Additional Output Produced When One Additional Worker Is Hired

question 72

Multiple Choice

The additional output produced when one additional worker is hired is referred to as the __________ of labor.

• A)marginal revenue product
• B)marginal revenue
• C)supply
• D)marginal product
• E)total revenue product

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Definitions:

Unethical Behaviour

Actions that violate moral or professional principles, often harming others or compromising ethical standards.

High Need for Power

Refers to individuals who have a strong desire to influence, control, or command over others.

Ethical

Pertaining to or dealing with morals, the principles of morality pertaining to right and wrong conduct.

Older People

This term relates to individuals who are in the later stage of their life, typically regarded as being from the retirement age onwards.