A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2018 · Q151 Mark

How is marginal revenue product calculated?

How is marginal revenue product calculated? A marginal physical product × marginal revenue B marginal physical product ÷ price C total physical product × marginal cost D total physical product + marginal cost[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2018 Paper 3 Variant 2, question 15.

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