Use the Table for the Question(s)below

question 65

Multiple Choice

Use the table for the question(s) below.
Consider the following list of projects:

-Assuming that your capital is constrained,which project should you invest in first?

• A)Project C
• B)Project G
• C)Project B
• D)Project F
• E)Project H

---

Definitions:

Productivity

The efficiency of production of goods or services, expressed as the ratio of output to inputs used in the production process.

MRP Curve

A graphical representation showing the additional revenue a firm generates by hiring one more unit of labor, based on the concept of marginal revenue product.

Marginal Physical Product

The change in output that results from employing an additional unit of a particular input, holding all other inputs constant.

MRP Schedule

A schedule showing the marginal revenue product of an input, representing the additional revenue generated from the use of one more unit of that input.