Which of the Following Statements Is TRUE

question 195

Multiple Choice

Which of the following statements is TRUE?

• A) The value of the marginal product of labor equals the marginal product of labor times price.
• B) The value of the marginal product of labor equals a one-unit change in a factor divided by the change in total revenue.
• C) Marginal cost equals change in total revenue divided by the one-unit change in a factor.
• D) The value of the marginal product of labor equals the change in the quantity of a factor times the price of the factor.

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