Marginal Revenue Product Measures The

question 68

Multiple Choice

Marginal revenue product measures the:

• A)amount by which the extra output of one more unit of a resource increases a business's total revenue
• B)decline in product price that a business must accept in order to sell the extra output of one more unit of a resource
• C)increase in total resource cost that results from the hiring of one extra unit of a resource
• D)increase in total revenue that results from the production of one more unit of output
• E)decrease in total resource cost that results from the hiring of one extra unit of a resource

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Definitions:

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