The marginal revenue product represents the worker's contribution to the firm's total revenues. the value of each additional unit of output. the worker's contribution to the firm's output. the marginal physical product of labor divided by the price of the good produced.
The marginal revenue product represents the worker's contribution to the firm's total revenues. the value of each additional unit of output. the worker's contribution to the firm's output. the marginal physical product of labor divided by the price of the good produced.
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 7P
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![The marginal revenue product represents
the worker's contribution to the firm's total revenues.
the value of each additional unit of output.
the worker's contribution to the firm's output.
the marginal physical product of labor divided by the price of the good produced.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7efd552-f830-46f7-adbf-7aa53d07a060%2F7f90c1c0-d0f0-4436-beda-b8043eb0066d%2Frnfyvls_processed.png&w=3840&q=75)
Transcribed Image Text:The marginal revenue product represents
the worker's contribution to the firm's total revenues.
the value of each additional unit of output.
the worker's contribution to the firm's output.
the marginal physical product of labor divided by the price of the good produced.
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