1-output resulting from one more unit of labor
2-total revenue resulting from one more unit of output
3-revenue per unit from one more unit of output
4-total revenue resulting from one more unit of labor
2006-12-10 13:52:04 · 0 answers · asked by Anonymous in Social Science ➔ Economics
3-revenue per unit from one more unit of output
2006-12-10 14:02:49 · answer #1 · answered by JuanB 7 · 0⤊ 1⤋
Marginal Revenue Product Measures The
2016-09-30 23:46:05 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Ans: 4.
It's the revenue from an extra unit of input--such as labor. It equals the marginal physical product times the marginal revenue; in symbols, MRP = MP.MR. Except in perfect competition, MR is less than the output price, but that is another matter.
2006-12-10 19:46:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
3-revenue per unit from one more unit of output
2006-12-10 18:44:41 · answer #4 · answered by merkkrem101us 3 · 0⤊ 1⤋