Table 11.10

-Refer to Table 11.10.The resource's marginal revenue product equals its marginal resource cost at _____
A)less than Q.
B)more than Q'.
C)between P and Q'.
D)Q.
E)Q'.

Question

Table 11.10
 
-Refer to Table 11.10.The resource's marginal revenue product equals its marginal resource cost at _____
A)less than Q. 
B)more than Q'. 
C)between P and Q'. 
D)Q. 
E)Q'.

Quizplus · Accepted Answer

The resource's marginal revenue product equals its marginal resource cost at the quantity of output where the two intersect, which is Q in this case.

Table 11.10 -Refer to Table 11.10.The Resource's Marginal Revenue Product Equals Its