The Marginal Product of Labor Is the

question 24

Multiple Choice

The marginal product of labor is the

• A)total output produced when one more worker is hired
• B)change in average output produced when one more worker is hired
• C)total output per worker when one more worker is hired
• D)change in total output when one more worker is hired
• E)maximum quantity of output when one more worker is hired

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Definitions:

Utility

A service provided by a company or public entity, such as electricity, water, or telecommunications, regarded as essential for daily living.

Restrictive Covenant

A contractual clause limiting future behaviour. A means by which an owner of property may continue to exercise some control over its use after the property has been conveyed to another.

Injunction

A court order requiring a party to do or cease doing a specific action.

Servient Tenement

A parcel of land subject to a right-of-way or easement.