Question: The marginal value product for labor is equal to a. The additional revenue the firm receives from employing one additional unit of labor, ceteris paribus.

The marginal value product for labor is equal to

a. The additional revenue the firm receives from employing one additional unit of labor, ceteris paribus.

b. The additional output produced by the firm from one additional unit of labor.

c. The output which labor could produce without other factors of production.

d. The additional revenue produced by the firm when one additional worker is added and other factors of production are increased proportionally.

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