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    Intermediate Microeconomics Study Set 1
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    Exam 18: Profit Maximization-Part A
  5. Question
    If the Value of the Marginal Product of Factor X
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If the Value of the Marginal Product of Factor X

Question 47

Question 47

True/False

If the value of the marginal product of factor x increases as the quantity of x increases and the value of the marginal product of x is equal to the wage rate, then the profit-maximizing amount of x is being used.

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