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- Income Inequalityeconomics-mcqs › income-inequality
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
When the output price remains unchanged, the shape of the marginal revenue product of labor curve is identical to which of the following?
Multiple choice question for Income Inequality. Select an option, then review the explanation below.
Explanation
If the price of output is fixed, the marginal revenue product of labor (MRPL) is directly proportional to the marginal product of labor (MPL). Therefore, the MRPL curve mirrors the shape of the MPL curve.
More Income Inequality MCQs
Practice related questions from the same subject.
- 1.Which of the following best describes the Benazir Benefit Income Scheme?
- 2.Which category of tax does VAT best represent?
- 3.When a tax can be transferred, what determines the actual burden of the tax?
- 4.What does tax incidence refer to?
- 5.What does a progressive income tax system imply about the tax rate for individuals with higher earnings?