The ________ is the product of the marginal product of labor and the price of the output.
A) marginal factor cost
B) total revenue
C) average revenue
D) marginal revenue product
Correct Answer:
Verified
Q71: Which if the following is the best
Q72: If the marginal product of a worker
Q73: The _ is the additional revenue a
Q74: Related to the Economics in Practice on
Q75: When a small amount of output is
Q77: The demand for _ is a ʺderived
Q78: The marginal revenue product of labor curve
Q79: If a nail salon hires an additional
Q80: Assume that automobiles are a normal good.
Q81: If the price of the product produced
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