The Benefit to the Firm from Hiring One Additional Worker

question 162

Multiple Choice

The benefit to the firm from hiring one additional worker is called the

• A)marginal revenue product of labor.
• B)marginal revenue.
• C)marginal profit.
• D)total revenue.

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Definitions:

Asset Allocation

The strategy of distributing investments among various financial categories to manage risk and optimize returns.

Investment Committee

An investment committee is a group of professionals responsible for making decisions regarding the investment strategy of an organization or fund.

Passively Managed

Investment strategies that aim to replicate the performance of a specific index or benchmark as closely as possible, without active decision-making by managers.

Equity Index

A benchmark that represents the performance of a group of stocks, indicating the overall trend in the equity market.