Which of the Following Is False

question 89

Multiple Choice

Which of the following is false?

• A) If a firm is a factor price taker, marginal factor cost is constant and equal to factor price. This means a factor price taker pays a wage equal to its marginal factor cost.
• B) Firms hire the factor quantity at which marginal revenue product equals marginal factor cost.
• C) If a firm is a product price taker, marginal revenue product is greater than value marginal product.
• D) If a firm is product price taker and a factor price taker, it pays labor a wage equal to its value marginal product.

---

Definitions:

German Population

Refers to individuals of German descent or nationality, including those living in Germany or part of the German diaspora worldwide.

United States

A federal republic located in North America, composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence on global economics, politics, and culture.

HUAC Investigation

Inquiries conducted by the House Un-American Activities Committee, especially during the mid-20th century, aimed at uncovering alleged disloyalty and subversive activities.

Whitaker Chambers

A former Communist Party member and Soviet spy who became an outspoken opponent of communism after defecting to the United States, famously testified against Alger Hiss.