Table 12.2 -Refer to Table 12.2.What Is the Marginal Revenue Product of Revenue

question 134

Multiple Choice

Table 12.2
-Refer to Table 12.2.What is the marginal revenue product of labour from the third unit of labour?

• A)$5460.
• B)$1560.
• C)$1260.
• D)$780.

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Definitions:

Gender

A category into which humans and most other living beings are divided on the basis of their reproductive roles and functions.

Demographic Segmentation

Segmentation that divides markets by characteristics such as age, gender, income, education, and family size.

Loyalty

The state or quality of being loyal; fidelity to a company, brand, or person, often resulting in repeated business or advocacy.

Price Sensitivity

The degree to which the price of a product affects consumers’ purchasing behavior.