If the Value of Marginal Product of a Factor of Production

question 85

Multiple Choice

If the value of marginal product of a factor of production exceeds the price of the factor the

• A) firm should hire less of that factor.
• B) firm should hire more of that factor.
• C) firm is maximising profits.
• D) firm should shut down.

---

Definitions:

Government Pamphlets

Printed materials distributed by the government to provide information about health, safety, regulations or services to the public.

Smoking Cessation

The process of quitting smoking, involving strategies and interventions aimed at overcoming tobacco addiction.

Graphic Images

Visual representations such as photos, charts, and diagrams intended to convey information or evoke specific responses from the viewer.

Health Warnings

Notices or advisories issued by health authorities or regulatory bodies to inform the public about the health risks associated with certain behaviors, products, or environments.