If a Firm Employs an Extra Unit of Labor, the Additional

question 336

Multiple Choice

If a firm employs an extra unit of labor, the additional product generated by employing the extra unit of labor is

• A) the marginal physical product of labor.
• B) the diminished marginal product.
• C) marginal revenue.
• D) total product.

---

Definitions:

Labor Disputes

Conflicts between employers and employees, often over issues like wages, working conditions, and union rights, which can lead to strikes, negotiations, and legislation.

National Association

A group or organization that operates across an entire nation, typically focused on promoting the interests of a specific profession, cause, or activity.

Mass Conformity

The phenomenon where individuals in a society tend to adopt the group’s attitudes, beliefs, and behaviors to fit in and be accepted.

Beat Poet

A member of a group of American poets in the 1950s and 1960s who were characterized by their rejection of conventional society and the exploration of spirituality and sexuality.