Which of the following will not lead to increase in the marginal revenue product?
A) MPP increases without any changes in the price.
B) Price of the product increases without any changes in MPP.
C) MPP and price of the product increase.
D) MPP remains the same and price of the product falls.
Correct Answer:
Verified
Q65: Marginal revenue product is the
A) additional revenue
Q111: Figure 7-1 Q112: Figure 7-1 Q113: The "law" of diminishing returns Q114: If the firm's marginal physical product is Q115: The marginal revenue product of an hour Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)is deduced from