menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 18: Pricing the Factors of Production
  5. Question
    If Marginal Revenue Product Is Less Than Price of the Input
Solved

If Marginal Revenue Product Is Less Than Price of the Input

Question 187

Question 187

True/False

If marginal revenue product is less than price of the input, the firm should use more of the input.

Correct Answer:

verifed

Verified

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

Related Questions

Q182: Rent seeking<br>A)often entails large opportunity costs.<br>B)prevents waste

Q183: A landlord will supply his or her

Q184: The demand curve for any input is

Q185: Economic rent refers to profit derived from

Q186: When a few rival groups spend money

Q188: Investment is the amount by which _

Q189: The theory of land rent holds that<br>A)all

Q190: One major fault with factor pricing analysis

Q191: An employer would never operate on the

Q192: On January 1, 2006, a consumer borrowed

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines