The marginal revenue product curve is:
A)always vertical
B)the business's resource demand schedule
C)the business's resource supply schedule
D)upward-sloping
E)always horizontal

Question

Quizplus · Accepted Answer

The marginal revenue product curve represents the additional revenue a firm generates from employing one more unit of a resource, and it is used to determine the quantity of a resource a firm demands at various prices, making it the business's resource demand schedule.

The Marginal Revenue Product Curve Is