If the Marginal Revenue Product of an Input Exceeds the Marginal

question 140

Multiple Choice

If the marginal revenue product of an input exceeds the marginal factor cost of the input, the firm

• A) should hire less of the input.
• B) is maximizing profit.
• C) is not on its marginal cost curve.
• D) should increase its use of the input.

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Definitions:

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