If the marginal revenue product of an input exceeds the marginal factor cost of the input, the firm
A) should hire less of the input.
B) is maximizing profit.
C) is not on its marginal cost curve.
D) should increase its use of the input.
D
Economics
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Common resources are overused because:
a) the marginal private benefit will always exceed the marginal social cost b) the marginal social benefit is not taken into consideration by producers c) social costs are controlled by quotas d) the social costs outweigh the private costs
Economics
A decrease in United States net foreign direct investment would occur if
A) net capital flows increase. B) net foreign investment decreases. C) U.S. citizens have decreased the value of foreign stocks and bonds they own. D) U.S. citizens have decreased their building or purchasing of facilities in foreign countries.
Economics