Solved

Marginal Productivity Theory States That If a Firm Sells Its

Question 173

True/False

Marginal productivity theory states that if a firm sells its product in a perfectly competitive product market it will necessarily pay its factors their VMP.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q168: If there are two factors used in

Q169: Which of the following will cause a

Q170: The additional revenue generated by a firm

Q171: Which of the following can change the

Q172: A firm that is a price taker

Q174: Most economists believe that the supply curve

Q175: Value marginal product (VMP) equals<br>A)P x MPP.<br>B)P/MPP.<br>C)P

Q176: If for a given individual, between a

Q177: Promoting from within should _ be regarded

Q178: Exhibit 26-3<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 26-3 ​