The marginal revenue product of labor is defined as
A) the change in the firm's output as a result of hiring one more worker.
B) the change in the firm's revenue as a result of selling one more unit of output.
C) the change in the firm's profit as a result of hiring one more worker.
D) the change in the firm's revenue as a result of hiring one more worker.
Question 2
Consider the following actions undertaken by a firm:
a. charging a higher price for products of higher quality
b. charging different prices to different consumers for the same product when the variation cannot be explained by cost differences
c. charging different prices for products of different qualities
d. charging a lower price to match a competitor's price
Which of the above will be considered price discrimination?
A) a, b, c, and d B) a, b, and d only C) b and d only D) b only
Solar output
The Sun and climate change
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Find the derivative using the product rule
To find the derivative use product rule
Find derivative using product rule