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Marginal Revenue Product Measures The

Question 46

Multiple Choice

Marginal revenue product measures the:


A) amount by which the extra output of one more unit of a resource increases a business's total revenue
B) decline in product price that a business must accept in order to sell the extra output of one more unit of a resource
C) increase in total resource cost that results from the hiring of one extra unit of a resource
D) increase in total revenue that results from the production of one more unit of output
E) decrease in total resource cost that results from the hiring of one extra unit of a resource

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