A Firm Is Hiring Resources X, Y, and Z in the Profit-Maximizing

question 140

Multiple Choice

A firm is hiring resources X, Y, and Z in the profit-maximizing amounts when

• A)MRPx/Px equals MRPy/Py equals MRPz/Pz equals 1.
• B)the sum of the MRPs of the three resources is at a minimum.
• C)the marginal revenue productivity of all three resources is the same.
• D)the marginal revenue product of the last dollar spent on each of the three resources is the same.

Comprehend the concept of sustainable development and its importance.

Recognize the importance of reducing pollution through specific legislative and organizational practices.

Understand the significance of the first Earth Day and the role of environmental awareness.

Understand the economic and social responsibilities businesses have towards sustainability.

---

Definitions:

Bond

A fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.

Payment

The transfer of money or goods in exchange for the provision of services, the fulfillment of an obligation, or the purchase of goods.

Interest Rate

The fee, represented as a percentage, charged for the privilege of borrowing money, typically assessed annually on the loan principal.

Bank Account

A financial account maintained by a bank for a customer, allowing the deposit and withdrawal of money and the accrual of interest.