Solved

Holding the Price of a Firm's Output Constant, If the Marginal

Question 223

Multiple Choice

Holding the price of a firm's output constant, if the marginal product of labor increases


A) the marginal revenue product of labor decreases.
B) the marginal revenue product of labor also increases.
C) the marginal products of other inputs also increase.
D) the marginal revenue product of labor may increase or decrease.

Correct Answer:

verifed

Verified

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

Related Questions