Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

Which calculation would determine the marginal revenue product (MRP) of labour for a firm that sells its product in an imperfectly competitive product market?

  • Aaverage output produced per worker employed × marginal revenue of the product
  • Baverage output produced per worker employed × price of the product
  • Cextra product produced by an additional worker × marginal revenue of the product
  • Dextra product produced by an additional worker × price of the product

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