Marginal revenue product for a perfectly competitive seller is equal to
A. the marginal cost of production. B. the output price multiplied by the total product of labor. C. the output price multiplied by the number workers hired. D. the change in total revenue that results from hiring another worker.
A. the marginal cost of production. B. the output price multiplied by the total product of labor. C. the output price multiplied by the number workers hired. D. the change in total revenue that results from hiring another worker.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.