The Marginal Product of Labour Is

question 142

Multiple Choice

The marginal product of labour is

• A) the payment made to workers for their contribution to the output they produce.
• B) equal to the demand for labour.
• C) the change in a firm's revenue as a result of hiring one more worker.
• D) the additional output a firm produces as a result of hiring one more worker.

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Definitions:

Audio Interface

Hardware used to connect audio equipment with a computer, facilitating recording, editing, and playback of sound.

Website

A collection of publicly accessible, interlinked web pages that share a single domain name.

Electromagnetic Waves

Waves of electric and magnetic fields moving through space, carrying electromagnetic radiation, of which light is one example.

Transmission Systems

Complex networks designed for sending electrical or electronic signals across long distances.