Which of the Following Is the Best Definition of the Marginal

question 70

Multiple Choice

Which of the following is the best definition of the marginal revenue product (MRP) of a factor of production?

• A) the change in revenue caused by the sale of an additional unit of output
• B) the average product of the factor multiplied by the price of the output
• C) the increase in output resulting from the use of an additional unit of the factor multiplied by the cost of that factor
• D) the change in revenue generated by the sale of the product produced by an additional unit of input
• E) marginal revenue multiplied by total product

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Definitions:

Post-Structuralist Theory

An intellectual movement that critiques and seeks to extend structuralism, emphasizing the fluidity of social and cultural constructs and the instability of linguistic and textual meanings.

Dismantle

The process of taking apart or disassembling a structure or system, either physically or figuratively.

Second Shift

Refers to the phenomenon where individuals, often women, perform unpaid labor at home after completing their paid workday, highlighting the dual burden of employment and domestic responsibilities.

Domestic Labour

Work performed within the home, such as cooking, cleaning, and childcare, often undervalued in economic terms and traditionally performed by women.