Asked by
Carmen Martinez
on Oct 12, 2024
Verified
If the productivity of capital rises,its MPP will _____ and its MRP will ____.
A) rise;rise
B) fall;fall
C) rise;fall
D) fall;rise
MPP
Marginal Physical Product, the additional output resulting from the use of one more unit of a variable input, holding all other inputs constant.
MRP
Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource or factor of production.
- Become familiar with how changes in productivity affect the Marginal Physical Product (MPP) and the Marginal Revenue Product (MRP).
Verified Answer
PF
Learning Objectives
- Become familiar with how changes in productivity affect the Marginal Physical Product (MPP) and the Marginal Revenue Product (MRP).