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Snowcat [4.5K]
3 years ago
10

Marginal revenue product can be calculated using the formula marginal product × output price Group of answer choices only if the

marginal product of labor is constant. only if output price is constant. only if the both marginal product of labor and the output price are constant. only if the firm has market power in the labor market
Business
1 answer:
AleksandrR [38]3 years ago
7 0

Answer:

only if output price is constant.

Explanation:

Marginal revenue can be defined as the amount of money (revenue) generated from the sales of an additional unit of a product.

Marginal revenue product can be calculated using the formula; (marginal product × output price), only if output price is constant i.e the amount of money charged by a seller remains the same.

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