The extra revenue received by a firm from selling the output obtained from an extra unit of labour is called:Group of answer choicesthe marginal revenue product of labourdiminishing marginal productthe average product of labourthe marginal product of labour

The extra amount of output a firm can generate by adding one more unit of labor is called the product of labor. (Insert a single word.)

The marginal revenue of labour refers to:Question 9Answera.the level of demand for a productb.the additional output from the employment of one additional personc.he technology employed by organizationsd.the low-wage, no-mix strategy employed by organizationse.the difference in technology across industries and new technology within the same industry

The added revenue that a firm takes in when it increases output by one additional unit is ________ revenue.Group of answer choicestotalmarginalvariablefixed

The additional output produced as a result of utilizing one more unit of a variable resource is called:Multiple choice question.marginal revenue.marginal product.total cost.total product.

The increase in output created by the addition of one more unit of input is called:A.marginal revenue product.B.marginal resource cost.C.marginal physical product.D.marginal revenue.E.marginal cost.