When the Marginal Revenue Product of an Input Is Less

question 110

Multiple Choice

When the marginal revenue product of an input is less than its price, the

• A) producer should expand the use of that input.
• B) price of the input will automatically rise in a free market.
• C) producer should reduce the use of that input.
• D) marginal physical product of that input must be below its average physical product.

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Definitions:

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, often measured for health assessments.

Stroke Volume

The amount of blood pumped out of the left ventricle of the heart with each heartbeat.

Lymphocytes

A subtype of white blood cells that are part of the immune system, playing a significant role in the body's defenses against disease.

Macrophages

Large white blood cells in the immune system that engulf and digest pathogens and dead cells, part of the body's defense mechanism.