Which of the following will not lead to increase in the marginal revenue product?
a. MPP increases without any changes in the price.
b. Price of the product increases without any changes in MPP.
c. MPP and price of the product increases.
d. MPP remains the same and price of the product falls.
d
You might also like to view...
Refer to Scenario 1 . Explain how this economy might be able to produce 45 fish and 45 crabs?
What will be an ideal response?
Elimination of minimum brokerage commission rates occurred because of
A) competition from banks. B) demands of institution investors. C) competition from foreign brokerage firms. D) an action of the Securities and Exchange Commission.
It appears that one out of ten individuals classified by the Census Bureau as a year round, full-time worker was actually employed part-time at least six weeks of the year
Indicate whether the statement is true or false
A monopolist practicing price discrimination will always charge a higher price to the group of consumers which have less elastic demand
Indicate whether the statement is true or false