Multiple Choice
Firms will employ an input up to the point where
A) the wage rate equals the productivity of capital.
B) its marginal cost equals its marginal product.
C) the input's price equals its marginal revenue product.
D) the input's price equals its marginal product.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q112: Refer to the data provided in
Q113: The value of land is determined in
Q114: Assume that labor is the only variable
Q115: If the price of a unit of
Q116: If the wage rate is less than
Q118: You have been hired by a data
Q119: For a firm to maximize profits, the
Q120: Refer to the data provided in
Q121: Refer to the information provided in Figure
Q122: Suppose the supply of labor schedule increases