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.

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Definitions:

Nonnegotiable

Something that cannot be bargained or altered; absolute or not subject to change.

Payment Schedule

A detailed plan outlining when and how financial payments are to be made.

Security Agreement

An agreement that creates or provides for a security interest between the debtor and a secured party.

Nonnegotiable

An item or condition that cannot be altered or discussed for change.