Assuming that labor is the only variable input, if society values a good ________ it costs firms to hire the workers to produce that good, the good ________ be produced.
A) more than; will
B) less than; will
C) more than; will not
D) equal to what; will not

Question

Quizplus · Accepted Answer

If society values a good more than it costs firms to hire the workers to produce that good, it indicates that the production of the good is economically viable and profitable, leading to its production.

Assuming That Labor Is the Only Variable Input, If Society