Marginal revenue product is
A) the additional cost of employing a factor.
B) the additional revenue generated by employing an additional factor unit.
C) marginal revenue multiplied by price of the factor unit.
D) price of the good that is sold multiplied by unit cost.
E) none of the above
Correct Answer:
Verified
Q127: "Screening" is the process by which
A)wages tend
Q128: For a given firm, marginal factor cost
Q129: Exhibit 26-6 Q130: If there are two factors used in Q131: If the market supply of labor increases, Q133: An increase in the demand for a Q134: The percentage change in the quantity demanded Q135: Which is the following is most likely Q136: A profit maximizing firm that is a Q137: Exhibit 26-7
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