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Author Question: In any production process the marginal product of labor equals a. Change in total output divided by ... (Read 97 times)

Kthamas

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on: Jul 1, 2018
In any production process the marginal product of labor equals
 a. Change in total output divided by change in labor input
  b. Total output divided by total input
  c. Total output
  d. None of the above

Question 2

Marginal revenue (MR) is ____ when total revenue is maximized.
 a. greater than one
  b. equal to one
  c. less than zero
  d. equal to zero
  e. equal to minus one


tanna.moeller

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  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


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