Marginal resource cost refers to the:
A. increase in total revenue resulting from the sale of the extra output of one more worker.
B. price at which additional units of a resource can be hired in an imperfectly competitive
resource market.
C. increase in total cost resulting from the production of one more unit of output.
D. amount by which a firm's total resource cost increases as the result of hiring one more unit
of the resource.
Answer: D
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