menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 10
  4. Exam
    Exam 18: The Markets for the Factors of Production
  5. Question
    The Value of the Marginal Product of Any Input Is
Solved

The Value of the Marginal Product of Any Input Is

Question 489

Question 489

Multiple Choice

The value of the marginal product of any input is equal to the marginal product of that input multiplied by the


A) wage.
B) marginal cost of the output.
C) change in total profit.
D) market price of the output.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: Average productivity can be measured as total

Q45: Daryn is raking leaves to earn money

Q94: Labor-augmenting technological advances decrease the marginal productivity

Q174: Suppose that workers immigrate to Minnesota from

Q485: Which of the following would be an

Q487: Figure 18-1<br>On the graph, L represents the

Q488: Linda's Autoplex performs oil changes on automobiles,

Q490: Figure 18-4<br>The graph below illustrates the market

Q493: Suppose that the market for labor is

Q494: "The firm hires the factor up to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines