X is a factor of production. When Marginal Revenue = $25, Price of X = $200, and the Marginal Product of X = 8, employment of X: Select one: O a. is optimal. b. should contract. c. none of these. d. should expand.

X is a factor of production. When Marginal Revenue = $25, Price of X = $200, and the Marginal Product of X = 8, employment of X: Select one: O a. is optimal. b. should contract. c. none of these. d. should expand.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 6P

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Question

X is a factor of production. When Marginal Revenue = $25, Price of X = $200, and the Marginal
Product of X = 8, employment of X:
Select one:
O a. is optimal.
b. should contract.
c. none of these.
O d. should expand.

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