Multiple Choice
If MRP > MLC,it means that a firm should
A) use less labor.
B) use more labor.
C) increase its fixed capacity.
D) decrease its fixed capacity.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: A firm that operates in Stage III
Q6: Assume a firm employs 10 workers and
Q7: Marginal rates of technical substitution (MRTS)represent<br>A)the optimum
Q8: _ functions are very useful in analyzing
Q9: How would you choose to estimate a
Q11: Output (Total Product)is maximized when<br>A)average productivity is
Q12: The term Production Function refers to the<br>A)use
Q13: A major advantage of the _ production
Q14: Which of the following holds true?<br>A)When the
Q15: Which of the following indicates when Stage