Which of the following relationships help determine the optimal amount of variable input (labor) in the short run?
A. Marginal Product = Marginal Cost
B. Average Product = Marginal Product
C. Marginal Product = 0
D. Marginal Revenue Product = Marginal Labor Cost
Answer:D
Which of the following relationships help determine the optimal amount of variable input (labor) in the short run?
A. Marginal Product = Marginal Cost B. Average Product = Marginal Product C. Marginal Product = 0 D. Marginal Revenue Product = Marginal Labor Cost