This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For any firm in any market structure, what is a factor'smarginal revenue product? (Read 98 times)

hannahmadyronde

  • Full Member
  • ***
  • Posts: 134
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hannahmadyronde on Oct 12, 2022

ad2018

  • Full Member
  • ***
  • Posts: 189
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.
Answer Preview
Only 49% of students answer this correctly


hannahmadyronde

  • Member
  • Posts: 134
Reply 2 on: Oct 12, 2022
:D TYSM

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Structure of an ovule developing into a seed. Structure of an ovule developing into a seed.
Cell Structure Cell Structure
Changes in the Age Structure of the Population, 1950–2050 Changes in the Age Structure of the Population, 1950–2050
Structure and function of human teeth. Structure and function of human teeth.
Structure of a woody stem Structure of a woody stem
Bacterial promoter structure and consensus sequences Bacterial promoter structure and consensus sequences
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library