The additional revenue obtained by selling the output produced by one more unit of a resource is its
A) marginal physical product.
B) marginal revenue product.
C) final demand.
D) average revenue product.
Correct Answer:
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Q1: Q2: Workers in one country are more productive Q3: White-collar employment has risen sharply since the Q5: The firm will rent more and more Q6: The demand for goods and services is Q7: A firm will continue hiring labor as Q8: The optimum resource mix for a firm Q9: As output rises, Q10: The substitution effect and the output effect Q11: The additional output that one additional input
A)both marginal revenue product and
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