Marginal product of labor is the increase in the amount of output from an additional unit of labor.
A: right.
B: wrong.
A: right.
B: wrong.
举一反三
- The production function is the A: increase in the amount of output from an additional unit of labor. B: marginal product of an input times the price of output. C: relationship between the quantity of inputs and output. D: shift in labor demand caused by a change in the price of output.
- Which of the following will increase the marginal product of labor in the labor market? A: An increase in the price level and the money wage. B: An increase in the real wage. C: A decrease in the capital stock. D: An increase in the supply of labor.
- The marginal product of an input in the production process is the increase in A: total revenue obtained from an additional unit of that input. B: quantity of output obtained from an additional unit of that input. C: profit obtained from an additional unit of that input. D: total revenue obtained from an additional unit of that input.
- The increase in total revenue due to increasing the amount of labor employed by one unit is called the( ) A: Average Revenue Product. B: Marginal Product. C: Total Revenue Product. D: Marginal Revenue Product.
- The increase in total revenue due to increasing the amount of labor employed by one unit is called the( )