The Value of Marginal Product Is

question 34

Multiple Choice

The value of marginal product is

• A)the value to the firm of hiring one more unit of a factor of production.
• B)the maximum marginal product of the factor of production.
• C)calculated as total revenue divided by the total quantity employed.
• D)calculated as marginal product divided by marginal benefit.
• E)calculated as marginal product divided by the price of a unit of output .

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