A Firm Is Hiring Resources X, Y, and Z in the Profit-Maximizing

question 12

Multiple Choice

A firm is hiring resources X, Y, and Z in the profit-maximizing amounts when

• A) \(\text { MRP }_{x} / P_{x} \text { equals } \mathrm{MR} \mathrm{P}_{y} / P_{y} \text { equals } \mathrm{MRP}_{z} / P_{z} \text { equals } 1 \text {. }\)
• B) the sum of the MRPs of the three resources is at a minimum.
• C) the marginal revenue productivity of all three resources is the same.
• D) the marginal revenue product of the last dollar spent on each of the three resources is the same.

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Definitions:

Product Synergies

The combined effect that occurs when products complement each other, enhancing the overall value to the consumer when used together.

Explosive Growth

A rapid and substantial increase in a company's sales, revenue, or size in a short period, often seen in technology startups.

Proposed Locations

Suggested sites or areas under consideration for setting up new facilities, stores, or other business operations.

Product Positioning

The place a product occupies in consumers’ minds based on important attributes relative to competitive products.