Marginal revenue product of labor for a competitive seller is - 3657

Solution Posted by
UoPExpert

UoPExpert

Rating : (2)F
Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Mon 26 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Marginal revenue product of labor for a competitive seller is 

A.   equal to the marginal product of labor multiplied by the output price.

B.   the marginal revenue of the product multiplied by the output price.

C.   the change in total product from hiring one more worker.

D.   the output price multiplied by the quantity sold.

 
Solution Description

Marginal revenue product of labor for a competitive seller is