Which of the Following Statements Is False

question 94

Multiple Choice

Which of the following statements is false?

• A)A firm minimizes costs by buying factors in the combination at which the MPP-to-price ratio for each is the same.
• B)Marginal productivity theory states that firms in competitive or perfect product and factor markets pay factors their marginal revenue products.
• C)Marginal factor cost equals the wage rate for a factor price taker.
• D)The lower the elasticity of demand for the product labor produces, the higher the elasticity of demand for labor.

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Definitions:

Antidepressants

Medications prescribed to alleviate symptoms of depression by affecting neurotransmitter levels in the brain.

Psychotherapy

A form of treatment for mental health issues, where a trained therapist uses conversation and other methods to help patients understand and overcome their disorders.

Elderly Patients

Individuals of advanced age receiving medical care or treatment.

Geriatricians

Medical doctors specializing in the care, treatment, and prevention of diseases and conditions affecting older adults.