When There Are Many Inputs, a Firm Should Employ Them

question 75

Multiple Choice

When there are many inputs, a firm should employ them so that only inputs:

• A)whose marginal product per dollar are identical are hired.
• B)with the lowest marginal cost are hired.
• C)with the highest marginal product are hired.
• D)whose marginal cost is less than their marginal product are hired.

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Definitions:

Sight

The sense that allows for the perception of visual stimuli, mediated by the eyes and processed by the brain.

Centration

The cognitive tendency in early childhood to focus on one aspect of a situation while neglecting others.

Modelling Clay

A pliable material used in art and education to create three-dimensional objects and forms through shaping and molding.

Conservation

In cognitive development, the understanding that certain properties of objects or substances do not change when their appearance is altered.