What Is the Difference Between Labour's Marginal Product and Marginal

question 89

Multiple Choice

What is the difference between labour's marginal product and marginal revenue product?

• A) The marginal product of labour is the increase in output as a result of hiring an additional worker, while the marginal revenue product of labour is the increase in profit as a result of hiring an additional worker.
• B) The marginal revenue product of labour is the dollar value of hiring an additional worker, while the marginal product of labour is the increase in the firm's physical output as a result of hiring an additional worker.
• C) The marginal product of labour is the additional labour's contribution to the firm's total output, while the marginal revenue product is the additional labour's contribution to the firm's total sales revenue.
• D) Labour's marginal product is a measure of labour's productivity, while labour's marginal revenue product is a measure of labour's ability to sell the firm's products.

---

Definitions:

Human Lungs

The human lungs are a pair of large, spongy organs located in the chest, responsible for gas exchange between the blood and the environment.

Rubber Covering

A protective layer made of rubber material, used to enhance grip, insulation, or waterproofing of objects.

Pneumothorax

The presence of air or gas in the cavity between the lungs and the chest wall, causing collapse of the lung.

Lungs Collapse

A medical condition, also known as pneumothorax, where air enters the pleural space, causing the lung to collapse away from the chest wall.