1 The marginal revenue product of an input is determined by multiplying the marginal physical product of an

Question

1. The marginal revenue product of an input is determined by muiplying the marginal physical product of an

additional unit of input by the input’s cost.

True

False

2. Financial markets, which are sources of financial capital, include banks, bond markets and stock markets.

True

False

3. Human capital only increases when workers have college degrees.

True

False

Microeconomics