If MFC > MRPL, the Firm Should

question 367

Multiple Choice

If MFC > MRPL, the firm should

• A) hire more workers.
• B) lower wages.
• C) get rid of some capital.
• D) reduce the number of workers.

---

Definitions:

Joint Tenancy

A form of co-ownership where two or more persons hold an equal share in a property, with the right of survivorship upon the death of one owner.

Life Estate

A property interest that lasts for the life of a specific individual, after which ownership can revert to another person or entity.

Conditional

Depending on or subject to one or more conditions or requirements being met.

Leasehold

Leasehold refers to a property interest that allows the holder (lessee) to use the property for a fixed period of time under the terms of a lease agreement.