Marginal Revenue Product (MRP) Is the

question 8

Multiple Choice

Marginal revenue product (MRP) is the

• A)additional output generated by employing an additional factor unit.
• B)additional profit generated by employing an additional factor unit.
• C)additional revenue generated by employing an additional factor unit minus the additional cost.
• D)additional revenue generated by employing an additional factor unit.
• E)total revenue from the sale of a product divided by the total output of the product.

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Definitions:

Axon

A narrow, elongated extension of a neuron that usually transmits electrical signals from the cell body of the nerve cell.

Refractory Period

The period immediately following the transmission of a nerve impulse or the contraction of a muscle during which a nerve or muscle is unresponsive to further stimulation.

Threshold

The point or level at which something begins or changes.

Dendrites

The branched extensions of a neuron that receive signals from other neurons.