Solved

The Marginal Revenue Product of an Input Is

Question 11

Multiple Choice

The marginal revenue product of an input is:


A) the selling price of the last unit of output.
B) the increment of total revenue resulting from the use of an additional unit of input.
C) used in determining marginal product.
D) harder to determine in pure competition than in monopoly.
E) harder to determine in pure competition than in oligopoly.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents