--%>

Marginal revenue product or MRP curve

I have a problem in economics on Marginal revenue product or MRP curve. Please help me in the given question. Demand for the labor through a monopolist in the product market is its: (i) Value of marginal product (or VMP) curve. (ii) Marginal revenue product (or MRP) curve. (iii) Its marginal factor cost (or MFC) curve. (iv) Total revenue (or TR) curve.

   Related Questions in Microeconomics

  • Q : Numerical question regarding demand At

    At $1.50 per gallon, Alana purchases 50 gallons of gasoline weekly, Bart purchases 20 gallons weekly, and Caitlin purchases 20 gallons weekly. One point on their joint demand curve for gasoline would be Q =: (1) 90 gallons per week, P = $1.50. (2) 90 gallons per week,

  • Q : Labor Unions-supply of workers The

    The methods unions use to raise the wages of their members do not comprise: (1) Rising the demand for the union labor. (2) Establishing higher salaries and allotting work to members. (3) Facilitating the management plans to raise productivity. (4) Raising the supply o

  • Q : Price fluctuations to go bankrupt in

    Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency.

    Q : Marginal revenue of price taker firm A

    A price-taker firm’s marginal revenue is: (w) constant and identical to price. (x) less than average revenue. (y) sufficient to cover all short-run costs. (z) determined by the firm’s supply curve.

    Q : Examples of pure economic rent The

    The clearest illustrations of pure economic rent are payments: (1) for improvements which increase the productivity of resources. (2) to owners of unimproved land. (3) exceeding the productivity of a resource. (4) received by owners of homogeneous res

  • Q : Monopolistic Exploitation dilemma In

    In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (p) P and MR. (q) P and MC. (iii) Total revenue and net cost per unit of output. (r) Output price and rate of monopsonistic exploitation. (s) VMP and MRP.

  • Q : Demand function Normal 0 false false

    Normal 0 false false

  • Q : Asymmetric Information on quality The

    The Asymmetric information on quality can outcome in: (i) Not all potential profits from the exchange being realized. (ii) Lower equilibrium prices. (iii) Purchases of unexpectedly low-quality items termed as ‘lemons’. (iv) Some transactio

  • Q : Unionized construction workers The

    The passage of a considerably higher legal minimum wage would be most probable to advantage: (1) Philosophy majors. (2) American high-school drop-outs in their teens. (3) Foreign workers whose manufacture is exported to the United States. (4) Unionized construction wo

  • Q : Revenue added via selling an additional

    The revenue added through selling an additional unit of output is: (w) demand elasticity. (x) average profit rate. (y) supply elasticity. (z) marginal revenue. How can I solve my Economics problem?