Marginal revenue product is
A) marginal physical product times marginal factor cost.
B) marginal physical product times marginal revenue.
C) average physical product times marginal revenue.
D) marginal physical product times the wage rate.
Answer: B
Economics
You might also like to view...
Under what conditions is it most likely that a corporation will issue new stock as a form of finance?
a. when the interest rate is rising b. when the interest rate is falling c. when the firm's stock prices is falling d. when bond prices are very high
Economics
Economic models
A) must capture every detail or interrelationship that exists. B) are simplified representations of the real world. C) must use laboratory experiments. D) All of the above are correct.
Economics