The marginal revenue product for labor (MRPL) is derived from the productivity of the worker and:
A) marginal cost.
B) marginal labor.
C) the revenue of the final output.
D) the demand for the final output.
Correct Answer:
Verified
Q4: ΔOutput/ΔLabor is the formula for the:
A) marginal
Q5: The formula for marginal physical product of
Q6: The marginal physical product of labor is
Q7: _ is the additional revenue from an
Q8: The marginal revenue product for labor (MRPL)
Q10: The marginal revenue product for labor (MRPL)
Q11: The marginal revenue product of labor is
Q12: The marginal revenue product of labor is
Q13: In a competitive labor market, generally a
Q14: In a competitive labor market, generally a
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