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The additional revenue earned from hiring one more worker is known as the

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Answer:

Marginal revenue product of labor

Step-by-step explanation:

The additional revenue generated by hiring one more unit of labor is the marginal revenue product of labor (MRPL). This can be thought of as the marginal benefit. The marginal revenue product of labor (MRPL) is the additional amount of revenue a firm can generate by hiring one additional employee.

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User Musfiqur Rahman
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