Firms Will Employ Each Input Up to the Point That

question 94

True/False

Firms will employ each input up to the point that its price equals its marginal revenue product.

---

Definitions:

Medical Abbreviation

Shortened forms of words or phrases used in the medical field for ease of communication.

Cerebrovascular Accident

Cerebrovascular Accident, commonly known as a stroke, occurs when the blood supply to part of the brain is interrupted or reduced, causing brain cells to die.

Medical Abbreviation

Shortened forms of words or phrases used in the medical field to streamline communication.

Cancer

Cancer refers to a collection of illnesses marked by the unchecked proliferation and dissemination of atypical cells within the body, which can result in death if left untreated.