A rise in the marginal revenue product schedule for labor

A) means that the marginal physical product of labor rose.
B) means that more labor is demanded by the firm.
C) means that the demand for the final product has fallen.
D) means that labor's productivity has risen.

Marginal Revenue Product Schedule

A chart that shows the additional revenue generated from employing one more unit of a resource.

Marginal Physical Product

The additional output resulting from the use of one more unit of a variable input, keeping all other inputs constant.