For Any Firm in Any Market Structure,a Factor's Marginal Revenue

question 79

Multiple Choice

For any firm in any market structure,a factor's marginal revenue product is

• A)the average product of the factor multiplied by the price of the output.
• B)the change in revenue caused by the sale of the product contributed by an additional unit of input.
• C)the change in revenue caused by the sale of an additional unit of output.
• D)the increase in output resulting from the use of an additional unit of the factor multiplied by the cost of that factor.
• E)marginal revenue multiplied by total product.

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Definitions:

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