For a Profit-Maximizing Firm That Is a Price Taker in the Output

Multiple Choice

For a profit-maximizing firm that is a price taker in the output market and a wage taker in the labor market,which of the following will be true?

A) The marginal revenue product will be higher than the marginal value product.
B) The marginal cost of labor must be lesser than the price of output.
C) The marginal value product of labor will equal the wage rate.
D) The marginal revenue from an extra unit sold will be higher than price.