Multiple Choice
The marginal revenue product of labor is equal to
A) The marginal physical product multiplied by the price.
B) The change in the quantity of labor divided by the change in total revenue.
C) The change in total output divided by the change in the quantity of labor.
D) The percentage change in total revenue divided by the percentage change in the quantity of labor.
Correct Answer:
Verified
Correct Answer:
Verified
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