The marginal revenue product is
A) the change in total output resulting from a one-unit change in variable output.
B) the change in marginal output resulting from a one-unit change in variable input.
C) the change in total revenue resulting from a one-unit change in variable input.
D) the change in marginal revenue resulting from a one-unit change in variable input.
Answer: C
Economics
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Cross elasticity tells a manager that the product they produce is
A) a countercyclical good. B) a cyclical good. C) a luxury. D) a substitute or complement to other goods.
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