Firms Should Hire Additional Units of a Resource as Long

question 152

Multiple Choice

Firms should hire additional units of a resource as long as the

• A) marginal product of the resource exceeds the price of the resource multiplied by the quantity of output produced.
• B) marginal product of the resource is less than the price of the resource.
• C) price of the output produced is positive.
• D) marginal revenue product of the resource exceeds the cost of employing an additional unit of the resource.

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Definitions:

Psychopath

A phrase commonly referring to an individual diagnosed with Antisocial Personality Disorder, noted for their absence of empathy and engagement in manipulative or damaging actions.

Sadistic

Pertains to the tendency to derive pleasure from inflicting pain, suffering, or humiliation on others.

Cunning

Exhibiting ingenuity, skill, or craftiness in achieving one's ends through indirect, deceptive, or underhanded means.

Charismatic

Describes a person possessing a compelling attractiveness or charm that can inspire devotion in others, often seen in leadership contexts.