Question

The dollar value of the marginal product of labor is the:A.amount of output produced by the first unit of labor hired by a firm.B.extra output that is produced by hiring an additional unit of labor.C.value of the output produced by all the workers in a firm.D.contribution of an additional unit of labor to a firm's revenue.

Answer 1

The answer is letter D.

Step-by-step explanation:

The dollar value of the marginal product of labor is the contribution of an additional unit of labor to a firm's revenue.