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Business Studies

Organisational Objectives

For each extr...

Question

For each extra unit of labour, firm gets an additional benefit equal to marginal revenue times marginal product which is called __________.

A

additional revenue

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B

marginal revenue from labour

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C

marginal revenue product of labour

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D

both B and C

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Solution

The correct option is B marginal revenue product of labour
For each extra unit of labour, a firm gets an additional benefit equal to marginal revenue times marginal product which is called Marginal Revenue Product of Labour.

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