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Advocard [28]
2 years ago
13

Marginal product is: Select one: a. the increase in total revenue attributable to the employment of one more worker. b. the incr

ease in total cost attributable to the employment of one more worker. c. total product divided by the number of workers employed. d.
Business
1 answer:
Alexus [3.1K]2 years ago
4 0

Marginal product is a. the increase in total revenue attributable to the employment of one more worker

<h3>What is Marginal Product?</h3>

This refers to the extra output that is gotten through the work of an additional worker.

Hence, we can see that when it comes to marginal product, it is the extra product that is gotten through the addition of another worker which leads to an increase in total revenue. Option A.

Read more about the marginal product here:

brainly.com/question/20490035

#SPJ1

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3 years ago
Which bank does not charge at all for using the ATM?
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Jane Tucker is the ethics officer for a publicly traded company. She is concerned that the company does not have a mechanism for
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The Federal Sentencing Guidelines simply refers to the rules that with regards to the uniform policy through which the individuals and the organizations that have been convicted of felonies and every other misdemeanors are set up. In this case, the requirements hasn't been met since there is no anonymous reporting system.

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The theory of rational expectations is a hypothesis of economic science that states that predictions about the future value of economically relevant variables made by agents are not systematically wrong and that errors are random (white noise). An alternative formulation is that rational expectations are "consistent expectations around a model," that is, in a model, agents assume that the predictions of the model are valid. The rational expectations hypothesis is used in many contemporary macroeconomic models, in game theory and in applications of rational choice theory.

Since most current macroeconomic models study decisions over several periods, the expectations of workers, consumers and companies about future economic conditions are an essential part of the model. There has been much discussion about how to model these expectations and the macroeconomic predictions of a model may differ depending on the assumptions about the expectations (see the web's theorem). To assume rational expectations is to assume that the expectations of economic agents can be individually wrong, but correct on average. In other words, although the future is not totally predictable, it is assumed that the agents' expectations are not systematically biased and that they use all the relevant information to form their expectations on economic variables.

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