Which Statement Is True

question 68

Multiple Choice

Which statement is true?

• A)If the MRP of the last worker hired is higher than the wage rate,the firm has hired too few workers.
• B)The most important influence on a firm's demand for a factor of production is the demand for the final product.
• C)A firm will keep hiring more and more of a resource up to the point at which its MRP is equal to its price.
• D)All of the statements are true.

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Definitions:

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The pursuit of novel, complex, and intense sensations and experiences, often involving risk.

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A period of schooling between elementary and high school, typically covering grades 6 through 8, known for significant developmental changes in adolescents.