{"id":58376,"date":"2024-04-16T01:18:25","date_gmt":"2024-04-16T01:18:25","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=58376"},"modified":"2024-04-16T01:18:25","modified_gmt":"2024-04-16T01:18:25","slug":"how-is-the-revenue-marginal-productivity-calculated-under-marginal-productivity-theory","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/how-is-the-revenue-marginal-productivity-calculated-under-marginal-productivity-theory\/","title":{"rendered":"How is the revenue marginal productivity calculated under marginal productivity theory?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;By computing the total physical output&#8221; option2=&#8221;Finding the total revenue&#8221; option3=&#8221;By computing marginal physical productivity&#8221; option4=&#8221;Marginal physical productivity multiplied by the value of the commodity i.e., price&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is D. Marginal physical productivity multiplied by the value of the commodity i.e., price.<\/p>\n<p>Marginal physical productivity (MPP) is the additional output produced by adding one more unit of input. The value of the commodity is the price of the commodity. Therefore, the revenue marginal productivity is the MPP multiplied by the price of the commodity.<\/p>\n<p>Option A is incorrect because it does not take into account the price of the commodity. Option B is incorrect because it does not take into account the MPP. Option C is incorrect because it does not take into account the price of the commodity or the MPP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;By computing the total physical output&#8221; option2=&#8221;Finding the total revenue&#8221; option3=&#8221;By computing marginal physical productivity&#8221; option4=&#8221;Marginal physical productivity multiplied by the value of the commodity i.e., price&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-58376","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How is the revenue marginal productivity calculated under marginal productivity theory?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/how-is-the-revenue-marginal-productivity-calculated-under-marginal-productivity-theory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is the revenue marginal productivity calculated under marginal productivity theory?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;By computing the total physical output&#8221; 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