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The Rule for the Optimal Use of Any Input States

Question 131

Multiple Choice

The rule for the optimal use of any input states that


A) when MRP is less than price, profit will increase when more of that resource is utilized.
B) when MRP is greater than resource price, profit will increase when more of that resource is utilized.
C) when MRP equals price, profit will increase when less of that resource is utilized.
D) when MRP is greater than resource price, profit will increase when less of that resource is utilized.
E) resources should be used only if MRP exceeds product price.

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