As output rises,
A) marginal revenue product declines.
B) marginal revenue product stays the same.
C) marginal revenue product rises.
D) there is no way to determine if marginal revenue product will fall,rise,or remain the same.
Correct Answer:
Verified
Q20: The demand for a resource rises as
A)its
Q21: If a large decrease in rent leads
Q22: If labor and capital are substitute resources
Q23: An increase in the demand for steel
Q24: Suppose that land and labor are substitute
Q26: A decline in the wage rate would
A)raise
Q27: Which of the following will not cause
Q28: A rise in the marginal revenue product
Q29: An increase in the price of crude
Q30: The extra revenue that results from hiring
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