Which of the Following Statements Is False

question 94

Multiple Choice

Which of the following statements is false?

• A)A firm minimizes costs by buying factors in the combination at which the MPP-to-price ratio for each is the same.
• B)Marginal productivity theory states that firms in competitive or perfect product and factor markets pay factors their marginal revenue products.
• C)Marginal factor cost equals the wage rate for a factor price taker.
• D)The lower the elasticity of demand for the product labor produces, the higher the elasticity of demand for labor.

---

Definitions:

Verbal Orders

Instructions for patient care given orally by a healthcare provider, typically necessitating confirmation in writing.

Warfarin

A medication used as an anticoagulant to prevent blood clots by inhibiting the clotting factor production in the blood.

Incident Report

A formal documentation of any unusual or unexpected event that occurs in a professional setting, aiming to address and prevent future occurrences.

Clark's Rule

A mathematical formula used to calculate the proper dosage of medication for children based on their weight.