Which of the Following Is the Best Definition of the Marginal

Multiple Choice

Which of the following is the best definition of the marginal revenue product (MRP) of a factor of production?

A) the average product of the factor multiplied by the price of the output
B) the change in revenue generated by the sale of the product produced by an additional unit of input
C) the change in revenue caused by the sale of an additional unit of output
D) the increase in output resulting from the use of an additional unit of the factor multiplied by the cost of that factor
E) marginal revenue multiplied by total product