The marginal revenue product of a resource depends on the following factors, except
A)the price of the resource.
B)the price of the product.
C)the quantity of the resource employed.
D)the marginal product of the resource.

Question

Quizplus · Accepted Answer

The marginal revenue product of a resource is determined by the price of the product, the quantity of the resource employed, and the marginal product of the resource. It does not directly depend on the price of the resource itself.

The Marginal Revenue Product of a Resource Depends on the Following