Multiple Choice
When we have an optimum resource mix for the firm,
A) the MRP of land = the price of land.
B) the MPP of land = the price of land.
C) All of the choices are true.
D) Neither of the choices are true.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q178: How many workers would the firm hire
Q179: How many workers would the firm hire
Q180: The firm will rent more and more
Q181: As output rises,<br>A)marginal revenue product declines.<br>B)marginal revenue
Q182: If the price that a perfect competitor
Q184: A decrease in interest rates would<br>A)increase the
Q185: A rise in the wage rate would
Q186: Marginal Revenue Product with six units of
Q187: <span class="ql-formula" data-value="\begin{array}{l}\text { Unit of}&\text {
Q188: If the MRP of labor were $100