The Increase in Total Revenue Due to Increasing the Amount

question 102

Multiple Choice

The increase in total revenue due to increasing the amount of labor employed by one unit is called the

• A) Marginal Product.
• B) Marginal Revenue Product.
• C) Average Revenue Product.
• D) Total Revenue Product.

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Definitions:

Return On Assets

A profitability ratio that measures how efficiently a company can manage its assets to produce net income.

Debt-To-Equity Ratio

A gauge for the synergy of debt and equity in the financing framework of a company’s assets.

Current Ratio

This ratio evaluates the ability of a business to meet its short-term liabilities by utilizing its current assets.

Quick Ratio

A gauge of a business's capability to cover its short-term debts using its most readily accessible assets.