A Producer Demands Another Unit of a Resource as Long

question 56

Multiple Choice

A producer demands another unit of a resource as long as its marginal revenue _____

• A)exceeds its additional revenue.
• B)is less than its marginal cost.
• C)exceeds its marginal cost.
• D)is equal to its total cost.
• E)exceeds its fixed cost.

---

Definitions:

Baseball Players

Athletes who participate in the sport of baseball, which involves hitting a ball and running bases to score.

Performance-Enhancing Drugs

Substances used by athletes or individuals to improve their physical abilities and performance.

Quality

How well something ranks when measured against others in its category; its excellence measure.

Quantity

The amount or number of a material or immaterial thing.