Use the following to answer question(s) :

-(Exhibit: Marginal Revenue Product and Demand) If the product price is $4 per unit and the price of the factor of production is $180 per unit, the profit-maximizing quantity of the factor is _______ unit(s) .
A) 0
B) 1
C) 3
D) 5
Correct Answer:
Verified
Q20: Markets in which households supply factors of
Q21: Marginal factor cost is the:
A) amount a
Q22: In a perfectly competitive factor market, a
Q23: Use the following to answer question(s):
Q24: A firm increases its purchases of a
Q26: The change in total cost when one
Q27: If a firm is using a factor
Q28: In a perfectly competitive labor market:
A) the
Q29: Use the following to answer question(s):
Q30: A firm increases its purchases of a
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