Which of the Following Is Not True About Marginal Revenue

question 156

Multiple Choice

Which of the following is not true about marginal revenue product?

• A)It shows the value of the marginal physical product.
• B)It is the marginal physical product times price of the product under perfect competition.
• C)It is the marginal physical product times marginal revenue.
• D)It shows the marginal costs of inputs.

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Definitions:

Illegal Activity

Actions that are forbidden by law or statute, encompassing various crimes and infringements that vary by jurisdiction.

Federal Employees Political Activities Act

A U.S. law that restricts political activities of federal employees to ensure a nonpartisan civil service.

Spoils System

A practice where a political party, after winning an election, gives government jobs to its supporters, friends, and relatives as a reward for working toward victory, rather than hiring based on merit.

Hatch Act

A federal law in the United States that prohibits employees in the executive branch of the federal government, except the president, vice-president, and certain designated high-level officials, from engaging in some forms of political activity.