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Author Question: What is the difference between labor's marginal product and marginal revenue product? A) The ... (Read 91 times)

Hungry!

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on: Jun 29, 2018
What is the difference between labor's marginal product and marginal revenue product?
 
  A) The marginal product of labor is the additional labor's contribution to the firm's total output while the marginal revenue product is the additional labor's contribution to the firm's total sales revenue.
  B) Labor's marginal product is a measure of labor's productivity while labor's marginal revenue product is a measure of labor's ability to sell the firm's products.
  C) The marginal revenue product of labor is the dollar value of hiring an additional worker while the marginal product of labor is the increase in the firm's physical output as a result of hiring an additional worker.
  D) The marginal product of labor is the increase in output as a result of hiring an additional worker while the marginal revenue product of labor is the increase in profit as a result of hiring an additional worker.

Question 2

Refer to Figure 13-13. What is the profit maximizing output level?
 
  A) Q1 units B) Q2 units C) Q3 units D) Q4 units
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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duy1981999

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hungry!

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

sultansheikh

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Reply 3 on: Yesterday
Excellent

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