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Author Question: For any firm in any market structure, what is a factor'smarginal revenue product? (Read 103 times)

hannahmadyronde

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on: Oct 12, 2022
For any firm in any market structure, what is a factor's marginal revenue product?
◦ the change in revenue caused by the sale of an additional unit of output
◦ the increase in output resulting from the use of an additional unit of the factor multiplied by the cost of that factor
◦ marginal revenue multiplied by total product
◦ the change in revenue generated by the sale of the product produced by an additional unit of the factor
◦ the average product of the factor multiplied by the price of the output
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by hannahmadyronde on Oct 12, 2022

ad2018

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Reply #1 on: Oct 12, 2022
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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hannahmadyronde

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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