In a Free Market, a Given Unit of an Input

question 55

Multiple Choice

In a free market, a given unit of an input will be used by the firm that

• A)earns the largest addition to total profit from the use of that unit of input.
• B)has the lowest marginal cost of producing another unit of output.
• C)sells its output for the highest price.
• D)earns the largest total profit.

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Definitions:

Quadriplegia

A medical condition where there is paralysis of all four limbs, often resulting from injury to the spinal cord.

Hemiplegia

A condition characterized by paralysis or severe weakness on one side of the body, often resulting from a stroke or brain injury.

Motor Cortex

A region of the cerebral cortex involved in the planning, control, and execution of voluntary movements.

Repertoire

Repertoire refers to the range or collection of skills, abilities, or the body of works available to someone or something.