The Marginal Cost of a Productive Resource Is Equal to the Price

question 132

Multiple Choice

The marginal cost of a productive resource is equal to the price of the resource if a firm is:

• A) a price taker in the output market.
• B) a price taker in the resource market.
• C) able to influence the price of the product by producing more or less of it.
• D) able to influence the price of the factor by buying more or less of it.

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Definitions:

Online Presence

The extent to which an individual, organization, or brand is visible and active on the internet and social media platforms.

Rumours

Unverified information or speculation circulated among people.

Negative Information

Information that could be perceived as detrimental or undesirable by the receiver.

Negative Employment Message

Communication from an employer to a candidate or employee conveying unfavorable decisions such as rejection, dismissal, or criticism.