Asked by
Morgan O'Dell
on Oct 12, 2024
Verified
The most important influence on the marginal revenue product schedule for computer software engineers would be a change in
A) their productivity.
B) a change in the price of laser printers.
C) a change in the demand for computer software.
D) a change in the quantity of capital available to produce computer software.
Marginal Revenue Product
The extra income earned by utilizing an additional unit of a production input.
Computer Software Engineers
Professionals who apply engineering principles to design, develop, test, and evaluate software and systems that enable computers to perform their applications.
Productivity
A measure of the efficiency of production, often quantified as the ratio of output to inputs in the production process.
- Understand the concept of marginal revenue product (MRP) and its importance in determining the demand for factors of production.
- Identify the relationship between marginal revenue product and firm's demand for labor and other inputs.
Verified Answer
DO
Learning Objectives
- Understand the concept of marginal revenue product (MRP) and its importance in determining the demand for factors of production.
- Identify the relationship between marginal revenue product and firm's demand for labor and other inputs.