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Other Fields Homework Help Economics Topic started by: jj88888nb on Aug 22, 2018



Title: If the marginal revenue product of an input exceeds the marginal factor cost of the input, the firm
Post by: jj88888nb on Aug 22, 2018
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.


Title: If the marginal revenue product of an input exceeds the marginal factor cost of the input, the firm
Post by: mcraver1 on Aug 22, 2018
 D


Title: If the marginal revenue product of an input exceeds the marginal factor cost of the input, the firm
Post by: jj88888nb on Aug 22, 2018
Tremendous help, I just double-checked it with my friend :D