Question
A firm decides to hire more equipment if: Group of answer choices the average revenue it earns by selling its output is equal to its
A firm decides to hire more equipment if:
Group of answer choices
the average revenue it earns by selling its output is equal to its average cost.
its total revenue is greater than the total cost of hiring the equipment.
the marginal revenue product of the additional unit of equipment is greater than the marginal factor cost.
its average revenue is greater than the average cost of hiring equipment.
the price of its product is greater than the average cost of production.
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What Every Environmentalist Needs To Know About Capitalism
Authors: Fred Magdoff, John Bellamy Foster
1st Edition
1583672419, 9781583672419
