Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Commerce Business Economics

Based on the relationship between marginal revenue product (MRP) and marginal resource cost (MRC), when it pays for the firm to expand the use of variable factor input?

1

MRP > MRC

2

MRP < MRC

3

MRP = MRC

4

MRP = MRC = 1

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