The Marginal Productivity Principle Implies That

question 9

Multiple Choice

The marginal productivity principle implies that

• A)quantity demanded of an input normally declines as the input price falls.
• B)at equilibrium, profit from the last unit of input will be zero.
• C)for maximizing profit, marginal revenue product should be greater than price.
• D)marginal productivity of inputs increase when price of inputs increase.

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