Which of the following represents a firm's demand curve for a resource?
A)the average total cost curve
B)the average variable cost curve
C)the marginal revenue product curve
D)the marginal resource cost curve
E)the average fixed cost curve

Question

Quizplus · Accepted Answer

The marginal revenue product curve represents the additional revenue a firm will earn by hiring an additional unit of a resource, so it essentially shows the firm's demand for that resource. The other curves listed are not directly related to a firm's demand for a resource.

Which of the Following Represents a Firm's Demand Curve for a Resource