The Marginal Revenue Product of Labour Is Defined as

question 10

Multiple Choice

The marginal revenue product of labour is defined as

• A) the change in the firm's revenue as a result of selling one more unit of output.
• B) the change in the firm's output as a result of hiring one more worker.
• C) the change in the firm's profit as a result of hiring one more worker.
• D) the change in the firm's revenue as a result of hiring one more worker.

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Definitions:

Humour

A quality that makes something laughable or amusing; often used to lighten the mood or enhance communication.

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Writing that is dull and repetitive, lacking in variety and interest.

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A style of journalism that focuses on factual reporting without the inclusion of the writer's personal opinions or emotions.

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