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Author Question: The increase in revenue created by hiring one more unit of labor is the A) marginal product of ... (Read 62 times)

Mollykgkg

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on: Jun 29, 2018
The increase in revenue created by hiring one more unit of labor is the
 
  A) marginal product of labor.
  B) marginal revenue of labor.
  C) marginal product revenue of labor.
  D) value of marginal product of labor.

Question 2

An externality occurs when
 
  A) the costs of producing a good are paid entirely by the producer.
  B) some of the costs of producing a good are paid by someone other than the producer.
  C) the marginal social cost of an activity increases as that activity is increased.
  D) Both answers A and C are correct.


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fur

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Mollykgkg

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Dnite

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Reply 3 on: Yesterday
Excellent

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