The Purely Competitive Employer of Resource a Will Maximize the Profits

question 179

Multiple Choice

The purely competitive employer of resource A will maximize the profits from A by equating the

• A)price of A with the MRP of A.
• B)marginal productivity of A with the MRC of A.
• C)marginal productivity of A with the price of A.
• D)price of A with the MRC of A.

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Definitions:

Homologous Structures

Anatomical features in different species that arise from a common ancestor, showing evolutionary relationships despite their possible different functions.

Evolutionary Relationship

The connection and lineage between species or groups of organisms based on their shared genetic heritage and evolutionary history.

Homoplasy

The occurrence of similar traits in species due to convergent evolution or parallel evolution, not shared ancestry.

Illustrates

Shows or provides examples to clarify or make something visible or understandable, often used in the context of explaining concepts with diagrams or images.