At Any Quantity, the Marginal Factor Cost Is Always

question 138

Multiple Choice

At any quantity, the marginal factor cost is always

• A) parallel to the marginal revenue product.
• B) below the labor supply curve.
• C) above the labor supply curve.
• D) above the labor demand curve.

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Definitions:

Voice Box

The larynx, an organ in the top of the neck involved in breathing, producing sound, and protecting the trachea against food aspiration.

Larynx

The organ at the upper end of the trachea that contains the vocal cords.

Nasal Cavity

The large air filled space above and behind the nose in the middle of the face, an important part of the respiratory system.

Higher Altitudes

Regions located at a great height above sea level, often associated with lower atmospheric pressure and decreased oxygen levels.