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A Firm Is Hiring Resources X, Y, and Z in the Profit-Maximizing

Question 358

Multiple Choice

A firm is hiring resources X, Y, and Z in the profit-maximizing amounts when


A) MRP x/ Pₓ equals MRP y/ Pᵧ equals MRP z/ Pz equals 1.
B) the sum of the MRPs of the three resources is at a minimum.
C) the marginal revenue productivity of all three resources is the same.
D) the marginal revenue product of the last dollar spent on each of the three resources is the same.

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