As a Rule,a Profit-Maximizing Restaurant Owner Employs Each Factor of Production

question 168

Multiple Choice

As a rule,a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of the marginal product of the _____ unit of the factor employed is _____ that factor's price.

• A)first;greater than
• B)last;equal to
• C)first;equal to
• D)last;less than

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Definitions:

Intramuscularly

A method of administering medication by injection directly into a muscle.

Subcutaneous Tissue

An underlying layer of tissue beneath the skin, consisting of fat and connective tissues that store energy and provide insulation.

Generic

Drugs that are equivalent to brand-name medications in dosage, strength, route of administration, quality, performance, and intended use but are sold under their chemical name.

Brand Name

A name given by the maker to a product or range of products, especially a trademark.