The marginal product of labor is defined as
a. the additional labor required to produce one m...
Business, 27.09.2019 16:30, Anshuman2002
The marginal product of labor is defined as
a. the additional labor required to produce one more unit of output.
b. the change in total revenue that results when an additional unit of a labor is hired.
c. the change in output that a firm produces as a result of hiring one more worker.
d. the additional labor cost of producing one more unit of output.
Answers: 1
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