Asked by
shivani bajaj
on Oct 12, 2024
Verified
If the productivity of labor falls,its MPP will _____ and its MRP will ____.
A) rise;rise
B) fall;fall
C) rise;fall
D) fall;rise
MPP
"MPP" is typically understood as "Marginal Physical Product," which refers to the additional output resulting from the use of one more unit of a variable input, holding all other inputs constant.
MRP
Material Requirements Planning (MRP) is a system for planning production, scheduling activities, and controlling inventory used in overseeing manufacturing operations.
- Acquire an understanding of the relationship between productivity changes and their impact on Marginal Physical Product (MPP) and Marginal Revenue Product (MRP).
Verified Answer
HI
Learning Objectives
- Acquire an understanding of the relationship between productivity changes and their impact on Marginal Physical Product (MPP) and Marginal Revenue Product (MRP).