The marginal revenue product of a resource is best described as the
a. selling price of the last unit of output produced.
b. increment of total cost resulting from the use of an additional unit of the resource.
c. marginal product of the resource divided by the unit price of the good produced.
d. change in total revenue resulting from employing an additional unit of the resource.
D
You might also like to view...
What role can the government play in correcting for externalities?
What will be an ideal response?
A nation's aggregate expenditure decreases with an increase in imports, other things constant
a. True b. False Indicate whether the statement is true or false
In what is known as direct exporting, the exporter sells goods directly to or through an independent domestic intermediary in the exporter's home country that then exports the products to foreign markets.
a. true b. false
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If seven drones are produced, average fixed costs are
A. $7.14. B. $14.29. C. $20. D. $21.43.