If the Marginal Revenue Product of Land Is Less Than

question 82

Multiple Choice

If the marginal revenue product of land is less than its price, a firm should

• A) use more land.
• B) use less land.
• C) try to increase the productivity of land.
• D) increase the price it is willing to pay for land.

---

Definitions:

Environmental Events

Occurrences in the natural world that can have significant impacts on ecosystems and human societies.

Social Learning Theory

A theory that assumes people learn from one another through observation, imitation, and modeling, emphasizing the importance of cognitive processes in understanding social behavior.

Negative Consequences

Unfavorable or harmful outcomes that result from an action or decision.

Improved Performance

Refers to the enhancement of efficiency, productivity, and quality of work in individuals or organizations, often through specific strategies or interventions.