The extra production gained by employing one more worker is called the:

A. marginal product.
B. nominal wage.
C. surplus product.
D. real wage.


Answer: A

Economics

You might also like to view...

Describe the state of affairs in the developing world concerning social overhead capital?

What will be an ideal response?

Economics

What are the two critically important functions for corporate financing performed by stock exchanges?

Economics

Which of the following is a key assumption in proving the gains from immigration?

a. Immigrants are generally high skilled. b. The productivity of labor rises as the number of workers rises. c. Immigrants are generally low skilled. d. The productivity of labor falls as the number of workers rises.

Economics

In a true cluster sample, the individuals are first drawn from the clusters.?

Answer the following statement true (T) or false (F)

Economics