Marginal revenue product of labor for a competitive seller is
A) equal to the marginal product of labor multiplied by the output price.
B) the marginal revenue of the product multiplied by the output price.
C) the change in total product from hiring one more worker.
D) the output price multiplied by the quantity sold.
A
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Suppose $100 invested next year results in a return of b two years from now. If individuals do not discount the future but have a beta of 0.5 (in the beta-delta model), for what range of b will an individual plan to make the investment but then reverse course next year?
What will be an ideal response?
In 2014, what percent of the population lived under the official poverty line in the United States?
A. 11.3 percent, down from a near all-time high of 25 percent in 2000. B. 14.8 percent, higher than a near all-time low of 3.11 percent in 2000. C. 11.3 percent, down from a near all-time high of 14.8 percent in 2000. D. 14.8 percent, higher than a near all-time low of 11.3 percent in 2000.