Which of the following is false?
A) The value marginal product is a measure of the value that each factor unit adds to the firm's product.
B) For a monopolist, value marginal product equals marginal revenue product.
C) A change in the price of the product labor produces or a change in the marginal physical product of labor (reflect in a shift in the MPP curve) will shift the demand curve for labor.
D) For a perfectly competitive firm, value marginal product equals marginal revenue product.
Correct Answer:
Verified
Q9: Marginal productivity theory states that if a
Q144: Marginal productivity theory states that
A)firms in price
Q150: For wage rates to be the same
Q151: Exhibit 27-8 Q152: Which of the following is false? Q154: Which of the following statements is false? Q155: Consider two labor markets,A and B.Wages in Q159: Which of the following does not affect Q160: Consider two labor markets,C and D.Wages in Q164: When a prospective employer asks a graduating
A) A
A)There
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