The Marginal Revenue Product of Labor Is

question 152

Multiple Choice

The marginal revenue product of labor is

• A) the additional revenue a firm earns by employing one additional unit of labor.
• B) the additional profit a firm earns by employing one additional unit of labor.
• C) the marginal product of capital times the price of labor.
• D) the additional revenue the firm makes by selling one unit of labor.

---

Definitions:

Culture

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Cohort

A cohort is a group of people banded together or treated as a group, often in a study, characterized by a shared attribute, such as age or experience, over a specific period of time.

Gender Differences

Variations in characteristics, behaviors, or attitudes between males and females, often shaped by biological, social, and cultural factors.

Play Behavior

Activities performed for self-amusement that have behavioral, social, and psychomotor benefits, often observed in children and young animals.