Marginal Revenue Product Can Be Calculated Using the Formula Marginal

question 180

Multiple Choice

Marginal revenue product can be calculated using the formula marginal product × output price

• A)only if output price is constant.
• B)only if the marginal product of labour is constant.
• C)only if the both marginal product of labour and the output price are constant.
• D)only if the firm has market power in the labour market.

---

Definitions:

Risk Factors

Factors that heighten the chance of acquiring an illness or sustaining an injury.

Obesity

Abnormal increase in the proportion of fat cells, mainly in the viscera and subcutaneous tissues of the body.

Nutrition

The intake of food, considered in relation to the body’s dietary needs for growth, energy, and maintenance of health.

Social Psychologist

A specialist in psychology who studies how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.