The marginal revenue product of labor is derived from _____ and the _____ the final output.
A) marginal cost; demand for
B) marginal cost; supply of
C) the productivity of the worker; demand for
D) the productivity of the worker; supply of

Question

Quizplus · Accepted Answer

The marginal revenue product of labor is derived from the productivity of the worker and the demand for the final output. This concept reflects how the additional output produced by an additional worker contributes to the firm's total revenue, considering the demand for the product.

The Marginal Revenue Product of Labor Is Derived from _____