The Marginal Factor Cost Is the

question 333

Multiple Choice

The marginal factor cost is the

• A) additional revenue obtained from a one-unit change in labor input.
• B) additional revenue obtained from a one-unit change in output.
• C) change in output resulting from the addition of one more worker.
• D) cost of using an additional unit of an input.

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Definitions:

Majority Vote

A decision-making process where more than half of the votes cast by members eligible to vote are needed to pass a resolution or make a decision.

Unanimous Vote

A voting result in which all participants agree and vote the same way on a particular issue or election, showing total agreement.

Proceeds

Whatever is received on the sale, exchange, collection, or other disposition of collateral.

Distributing

The process of allocating or dispersing items, assets, or resources from a central point to multiple recipients.