What term refers to the contribution that using one more unit of a particular factor makes to a business's bottom line?
A)Marginal utility
B)Marginal derived demand
C)Marginal revenue product
D)Resource quantity

Question

Quizplus · Accepted Answer

The marginal revenue product is the contribution that using one more unit of a particular factor makes to a business's bottom line.
Key Takeaway: The marginal revenue product (MRP) is the revenue that the business can expect from using one more unit of a factor of production. If operating under perfect competition, the MRP can be derived from multiplying that factor's marginal product (MP) by the price of the product (P).

What Term Refers to the Contribution That Using One More