A Firm Will Purchase Additional Units of a Resource as Long

question 215

Multiple Choice

A firm will purchase additional units of a resource as long as each unit's

• A)marginal revenue product is greater than zero
• B)marginal revenue product equals the product price
• C)marginal revenue product is greater than or equal to its marginal resource cost
• D)marginal revenue product is less than its marginal resource cost
• E)total revenue product is greater than its marginal resource cost

---

Definitions:

Head Start

A program in the United States that provides comprehensive early childhood education, health, nutrition, and parent involvement services to low-income children and families.

Low-Income

Describes individuals or households that earn significantly less than the average income, often leading to financial hardship.

Federal Education

Federal education refers to the education policies, programs, and initiatives that are funded, overseen, or regulated by the governmental authorities of a federation, particularly at the national level.

Standardized Tests

are exams designed to be administered and scored in a consistent, or "standard," manner, which are often used in educational settings for assessment purposes.