Marginal Revenue Product Is Increasing as

question 43

Multiple Choice

Marginal revenue product is increasing as

• A)the marginal physical product is increasing, other things equal.
• B)the amount of time is increasing, other things equal.
• C)the revenue from sales decreases, other things equal.
• D)the revenue from one more unit produced falls, other things equal.

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Definitions:

Revamped Products

Products that have been significantly modified, updated, or improved with the aim of enhancing performance or attracting a larger consumer base.

Disruptive Technology

A technology that displaces an established technology and shakes up the industry, or a groundbreaking product that creates a completely new industry.

Established Technology

Technology that has been widely adopted, proven reliable, and is well understood within its intended markets or applications.

New Industry

An emerging sector or market that has recently begun to develop and offers potential for business opportunities and growth.