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 firm's output,MR = marginal revenue,MC = marginal cost,MRP = marginal revenue product):
A)MR = MRP P
B)MC = MR × w
C)w = MP × p
D)MRP = MR × MC
E)MRP = MP × p

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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 firm's output,MR = marginal revenue,MC = marginal cost,MRP = marginal revenue product):
A)MR = MRP P
B)MC = MR × w
C)w = MP × p
D)MRP = MR × MC
E)MRP = MP × p

A Condition for the Profit- Maximizing Use of Any Factor