Marginal Revenue Product Is

question 23

Multiple Choice

Marginal revenue product is:

• A) defined as the amount that an additional unit of the variable input adds to the total revenue
• B) equal to the marginal factor cost of the variable factor times the marginal revenue resulting from the increase in output obtained
• C) equal to the marginal product of the variable factor times the marginal product resulting from the increase in output obtained
• D) a and b
• E) a and c

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