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TArisorev TArisorev
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5 years ago
A firm wanting to maximize profits should operate in such a way that
A) the MRP of each input is equal to or greater than its MFC.
B) MRP equal MFC in the input market but MC must exceed MR in the output market.
C) marginal revenue must be equal to the marginal revenue product.
D) none of the above.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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chrism004ccchrism004cc
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#1
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5 years ago
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TArisorev Author
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#2
5 years ago
Just confirmed the same answer from my friend, thanks
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