A resource's marginal product is
A) the revenue produced by one additional unit of that resource, other things constant
B) the total output produced by one unit of that resource, other things constant
C) the additional output produced by one additional unit of that resource, other things constant
D) the total output divided by the number of units of that resource employed
E) the total output times the number of units of that resource employed
Correct Answer:
Verified
Q102: The marginal revenue product curve slopes downward
Q103: Exhibit 11-6 Q104: Marginal revenue product of labor equals marginal Q105: A resource that earns only economic rent Q106: Marginal revenue product is measured in dollars Q108: If ten cases of pretzels are sold Q109: The payment made to an owner of Q110: The marginal revenue product curve represents a Q111: Suppose that with two fro-yo machines, 12 Q112: The price paid to a resource in
A)cannot
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