Marginal revenue product is defined as the amount that an additional unit of the variable input adds to ____
a. marginal revenue
b. total output
c. total revenue
d. marginal product
e. none of the above
c
Economics
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To an economist, all choices have costs
Indicate whether the statement is true or false
Economics
Consider the figure? 4B-2. If the price is? $20, find the area that represents producer surplus.
A. Upper A plus Upper B. B. Upper C plus Upper D. C. Upper A plus Upper B plus Upper C. D. Upper F plus Upper E plus Upper D.
Economics