The ________ represents the additional revenue that comes from using one more unit of input.

A. average revenue product
B. learning curve
C. marginal revenue product
D. economic profit

Answer: C

Economics

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What is the law of one price?

What will be an ideal response?

Economics

When there are barriers to entry, a profit-maximizing firm already in the industry can charge any price it wants, even in the long run

a. True b. False

Economics