The Figure Given Below Shows the Marginal Revenue Product (MRP)

The figure given below shows the marginal revenue product (MRP) of accountants in a firm.Figure 14.2
MRP = MP X MR

-A firm under any market structure maximizes profits at a point where:

A) marginal revenue product is greater than marginal factor cost.
B) marginal revenue product is equal to marginal factor cost.
C) marginal revenue product is equal to zero.
D) marginal factor cost is equal to zero.
E) marginal revenue product is less than marginal factor cost.

Correct Answer:

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