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Satsume Satsume
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6 years ago
A firm purchases a factor of production in a competitive market.  At the current purchase rate the MRP of the factor is greater than the marginal expenditure for the factor.  Thus, the firm
A) can increase profit by reducing the employment of the factor of production.
B) is now maximizing profit.
C) should not use this factor of production because it has no potential in generating a profit.
D) can increase profit by expanding the employment of the factor of production.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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#1
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6 years ago
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Satsume Author
wrote...

6 years ago
Correct Slight Smile TY
bioc
wrote...

Yesterday
Good timing, thanks!
Gorgio_De
wrote...

2 hours ago
Thank you, thank you, thank you!
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