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larisa86 [58]
3 years ago
12

As a general rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of

the marginal product of the ________ unit of the factor employed is ________ that factor's price.A. last; equal toB. first; greater thanC. first; equal toD. last; less than
Business
1 answer:
Juliette [100K]3 years ago
4 0

Answer:

A. last; equal to

Explanation:

Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.

A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.

The marginal cost of Labour should equal to the marginal product of labour

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On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,00
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