You Are Given the Following Information with Respect to a Firm's

question 60

Multiple Choice

You are given the following information with respect to a firm's output position: marginal product of factor A = 4; marginal product of factor B = 2; price of A = $8; price of B = $4.Assume the firm is at its maximum-profit output.Then marginal revenue must be:

• A)50 cents.
• B)$1.
• C)$2.
• D)zero
• E)indeterminable from information given.

---

Definitions:

Articles Of Incorporation

A method of incorporating based on a US approach and used in some jurisdictions in Canada.

Memorandum

A written document that communicates information, policies, or decisions within an organization or between entities.

Lift The Corporate Veil

A legal action to treat the rights or liabilities of a corporation as the rights or liabilities of its shareholders or directors.

Pre-Emptive Rights

Rights granted to existing shareholders to purchase additional shares before the company offers them to the public, to maintain their percentage of ownership.