The Additional Cost Associated with Hiring One Additional Unit of Some

question 225

Multiple Choice

The additional cost associated with hiring one additional unit of some factor input, such as labor, is referred to as

• A) marginal physical product of labor.
• B) marginal revenue cost.
• C) marginal factor cost.
• D) marginal revenue product.

---

Definitions:

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Psychosexual Stages

A Freudian theory describing how personality develops through five stages from infancy to adulthood, centered on sexual pleasure from specific body areas.

Phallic Stage

A phase in Freudian psychosexual development, occurring roughly between the ages of three and six, where the libido's focus is on the genital organs.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.