The contribution of one more unit of labor to total revenues is called
A) marginal revenue.
B) marginal product.
C) total product.
D) marginal revenue product.
E) total revenue product.
Correct Answer:
Verified
Q53: Derived demand is demand that is derived
Q54: The typical shape of the marginal revenue
Q55: As more labor is hired, the marginal
Q56: Suppose there is an increase in the
Q57: Exhibit 13-2 Q59: For a competitive firm, marginal revenue product Q60: Economists assume that firms decide whether to Q61: When a firm has market power, the Q62: If marginal revenue product is greater than Q63: Exhibit 13-2 ![]()
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