Asked by Melissa Figueroa on Jun 12, 2024
Verified
Pookie's Pool Cleaning Service uses only one variable input, chlorine. Pookieʹs ________ curve for chlorine in the short run is the inputʹs marginal revenue product curve.
A) total product
B) marginal product
C) demand
D) supply
Marginal Revenue Product Curve
A graph that illustrates the additional revenue generated from employing one more unit of a resource.
Variable Input
relates to a production factor that can be adjusted in the short term to change the level of output, such as labor or raw materials.
- Apprehend the interrelation between product market activities and their effects on labor market conditions.
Verified Answer
IZ
Irfan ZakariaJun 13, 2024
Final Answer :
C
Explanation :
The demand curve for an input like chlorine in the short run is represented by its marginal revenue product curve, as it shows the additional revenue generated by the last unit of the input used.
Learning Objectives
- Apprehend the interrelation between product market activities and their effects on labor market conditions.
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