Which of the following is the most accurate definition of a worker's "marginal revenue product"?

a. the change in the firm's profits as the result of hiring an additional worker
b. the change in the firm's total revenue as the result of hiring an additional worker
c. the change in the firm's output as the result of hiring an additional worker
d. the change in the firm's cost as the result of hiring an additional worker


B

Economics

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Given two economic systems, A and B, if economy A has a comparative advantage in the production of widgets, then

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Economics