If an Input's Marginal Product Increases for a Particular Firm

question 28

True/False

If an input's marginal product increases for a particular firm while its price is fixed by market forces, then the employment of that factor should increase.

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Definitions:

Level of Formality

The degree to which language, behavior, or attire is considered appropriate and conventional for a specific setting or situation.

Business Document

Formal written records used in the context of business, including reports, plans, proposals, memos, and contracts.

Style of Writing

The particular manner or approach an author takes in expressing themselves through writing.

Connotation

The emotional or cultural meaning attached to a word, distinct from its literal or primary meaning.