A profit-maximizing firm should hire an input as long as the

A. marginal revenue product of the input is at least as much as the cost of hiring the input.
B. marginal revenue product of the input is greater than the marginal revenue product of other inputs the firm is using.
C. price of the input doesn't exceed the price of the other inputs used in the firm's production.
D. firm can increase its total revenue.


Answer: A

Economics

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One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the

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Economics

Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles

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