The Marginal Revenue Product of a Resource

question 82

Multiple Choice

The marginal revenue product of a resource:

• A) is defined as the marginal product of the resource multiplied by the resource price.
• B) simply means that a firm should add to its capital stock as long as competition requires it.
• C) equals the extra output produced by an additional unit of the resource multiplied by the price of that output.
• D) equals the average product of the resource multiplied by the cost of hiring an additional (marginal) unit of the resource.

---

Definitions:

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a guide published by the American Psychiatric Association for diagnosing mental disorders.

Diagnose

The process of identifying a disease or condition from its symptoms through systematic analysis and investigation.

Levels

Different stages or degrees of magnitude in a particular hierarchy or system.

Insane

A term historically used to describe severe mental disorder or irrational behavior, now considered outdated and stigmatizing.