Ask Question
3 July, 16:50

The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and

+2
Answers (1)
  1. 3 July, 17:32
    0
    the additional revenue that the company will receive from selling the extra output produced by hiring the additional worker. This additional revenue is calculated by simply multiplying the total additional output times the sales price of each units of additional output.

    As long as the additional revenue received is higher than the marginal cost of hiring an extra worker, the company will continue to hire more workers.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers