Question
1.Marginal resource cost (MRC) of labor refers to the: a.Increase in total revenue resulting from the sale of the extra output of one more worker
1.Marginal resource cost (MRC) of labor refers to the:
a.Increase in total revenue resulting from the sale of the extra output of one more worker
b.Increase in total cost resulting from the production of one more unit of output
c.Amount by which a firm's total resource cost increases as the result of hiring one more unit of the resource
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
