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For a Given Firm, Marginal Factor Cost Is the Same

Question 139

Multiple Choice

For a given firm, marginal factor cost is the same dollar amount no matter what quantity of a factor it purchases. For this firm,


A) VMP = MRP.
B) VMP > MRP.
C) MRP > VMP.
D) MPP necessarily declines beginning with the first factor unit.
E) none of the above

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