Solved

If the Marginal Revenue Product of an Input Is Greater

Question 50

Multiple Choice

If the marginal revenue product of an input is greater than its price, the


A) firm should decrease its use of the input to bring the two values into equality.
B) firm should raise the price of the product.
C) firm should increase the use of the input to bring the two values into equality.
D) firm should search for another input to use in its production.

Correct Answer:

verifed

Verified

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

Related Questions