Firms Should Hire Additional Units of a Resource as Long

question 152

Multiple Choice

Firms should hire additional units of a resource as long as the

• A) marginal product of the resource exceeds the price of the resource multiplied by the quantity of output produced.
• B) marginal product of the resource is less than the price of the resource.
• C) price of the output produced is positive.
• D) marginal revenue product of the resource exceeds the cost of employing an additional unit of the resource.

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Definitions:

PET Scan

Positron Emission Tomography, a medical imaging technique that uses radioactive tracers to visualize and measure changes in metabolic processes within the body.

Glucose Usage

The process by which cells consume glucose to produce energy, essential for cellular function and overall metabolism.

Brain Research

Scientific studies focusing on the structure, function, and disorders of the brain.

MRI

Magnetic Resonance Imaging, a noninvasive medical imaging technique used to visualize internal structures of the body in detail using magnetic fields and radio waves.