When MR_Q = $25, P_X = $200, and MP_X = 8, employment of X:

Name: When MR Q = $25, P X = $200, and MP X = 8, employment of X:
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Quizplus · Accepted Answer

To determine whether employment of X is optimal, we need to consider the marginal revenue product (MRP) of X and compare it to the marginal factor cost (MFC) of X. MRP = MP_X * P_X = 8 * $200 = $1,600 MFC = MR_Q = $25 Since MRP > MFC, it is profitable to employ X. Therefore, employment of X is optimal. Choice A is the correct answer.

When MRQ = $25, PX = $200, and MPX =

When MR_Q = $25, P_X = $200, and MP_X =