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The value of a worker's marginal product ________.

trixr4kids

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The value of a worker's marginal product ________.

The value of a worker's marginal product ________.

▸ is the additional revenue that the worker brings in to a firm

▸ is always equal to the maximum price at which the product produced by the worker can be sold in a market

▸ equals the average product of a firm that hires the worker divided by the marginal product of the worker

▸ is the increment in the total cost of a firm when the worker is hired

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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