5. What is the difference between the Marginal Product of Labor (MPL) and the Marginal Revenue Product of Labor (MRPL)? (A) MPL measures the change an additional worker has on profit while MRPL measures thechange and additional worker has on revenue (B) MPL is in monetary units while MRPL is in units of output (C) They are identical (D) MPL is in units of output while MRPL is in monetary units

5. What is the difference between the Marginal Product of Labor (MPL) and the Marginal Revenue Product of Labor (MRPL)? (A) MPL measures the change an additional worker has on profit while MRPL measures thechange and additional worker has on revenue (B) MPL is in monetary units while MRPL is in units of output (C) They are identical (D) MPL is in units of output while MRPL is in monetary units

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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