Which of the Following Is False

Multiple Choice

Which of the following is false?

A) If a firm is a factor price taker, marginal factor cost is constant and equal to factor price. This means a factor price taker pays a wage equal to its marginal factor cost.
B) Firms hire the factor quantity at which marginal revenue product equals marginal factor cost.
C) If a firm is a product price taker, marginal revenue product is greater than value marginal product.
D) If a firm is product price taker and a factor price taker, it pays labor a wage equal to its value marginal product.