The Rule for the Optimal Use of Any Input Says

question 36

Multiple Choice

The rule for the optimal use of any input says that

• A)when MRP is less than price, it pays to expand resource use.
• B)when MRP is greater than price, it pays to expand resource use.
• C)when MRP equals price, resource use should be cut back.
• D)resources should be used only if MRP exceeds price.

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Definitions:

Urban Sprawl

The spread of city buildings and houses into areas that were previously countryside, known for causing environmental and social issues.

Expansion Room

Space specifically designed or allocated to allow for growth or increase in capacity.

Vegetation

Vegetation encompasses the plant life present in a particular region or ecosystem, playing crucial roles in the ecological balance and providing habitats for animals.

Quality Of Life

The general well-being of individuals and societies, encompassing factors like health, happiness, and prosperity.