Multiple Choice
Suppose there is an increase in the demand for computers in a competitive market. Then, in computer production,
A) the marginal product will not change but the marginal revenue product will decrease.
B) the marginal product will not change but the marginal revenue product will increase.
C) both the marginal product and the marginal revenue product will increase.
D) both the marginal product and the marginal revenue product will decrease.
E) both the marginal product and the marginal revenue product will not change.
Correct Answer:
Verified
Correct Answer:
Verified
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