The Marginal Revenue Product of Input a Is Equal to the Net

question 23

True/False

The marginal revenue product of input a is equal to the net marginal revenue of input a multiplied by the marginal product of input
a.
True

---

Definitions:

Assignment

The transfer of rights under a contract to another party.

Negotiation

Direct communication between the parties to a dispute in an effort to resolve the problems without third-party intervention; transferring negotiable instruments to third parties.

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer it to another holder.

Endorsement

A signature or stamp on a document or instrument that signifies approval, support, or transfer of rights.