Q
The marginal revenue product of labour is ?
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A
A. The marginal product of capital times the price of labour.
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B
B. The additional revenue a firm earns by employing on additional unit of labour
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C
C. The additional profit a firms earns by employing one additional unit of labour
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D
D. The additional revenue the firm makes by selling one unit of labour.
Correct Answer:
D. D. The additional revenue the firm makes by selling one unit of labour.