A condition for the profit-maximizing use of any factor of production is
Where MP = marginal product, w = the price of a factor of production, p = price of one unit of the firmʹs output, MR = marginal revenue, MC = marginal cost, MRP = marginal revenue product):
A) MRP = MP × p
B) MR = MRP P
C) MC = MR × w
D) w = MP × p
E) MRP = MR × MC

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The Answer of A condition for the profit-maximizing use of any factor of production is
Where MP = marginal product, w = the price of a factor of production, p = price of one unit of the firmʹs output, MR = marginal revenue, MC = marginal cost, MRP = marginal revenue product):
A) MRP = MP × p
B) MR = MRP P
C) MC = MR × w
D) w = MP × p
E) MRP = MR × MC

A Condition for the Profit-Maximizing Use of Any Factor of Production