If the Marginal Revenue Product of an Input Exceeds the Marginal

question 140

Multiple Choice

If the marginal revenue product of an input exceeds the marginal factor cost of the input, the firm

• A) should hire less of the input.
• B) is maximizing profit.
• C) is not on its marginal cost curve.
• D) should increase its use of the input.

---

Definitions:

Stakeholders

Stakeholders are individuals, groups, or organizations that have an interest in the actions and outcomes of a project, program, or business.

Frustration

A negative emotional state resulting from obstacles, setbacks, or unmet expectations within personal or professional contexts.

Prevention

Actions taken to reduce the likelihood of an undesirable event or to mitigate its effects.

Organizational Culture

The shared values, beliefs, behaviors, and practices that characterize the members of an organization and define its nature.