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Commerce · Q1145

Economics

Graduate and Post Graduate · Commerce · question 1145

Q1145

Which one of the following equations is correct? Where MRP = Marginal Revenue Product MPP = Marginal Physical Product MR = Marginal Revenue

A.
MRP = MRP × MR
B.
MRP = MPP × MR
Answer
C.
MPP = MRP + MR
D.
MRP = MPP + MR

Answer: Option B

Solution

Answer: Option B
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