If the value of the marginal product of factor x increases as the quantity of x increases, and the value of the marginal product of x is equal to the wage rate, then the profit-maximizing amount of x is being used.

If the value of the marginal product of factor x increases as the quantity of x increases, and the value of the marginal product of x is equal to the wage rate, then the profit-maximizing amount of x is being used.

If the value of the marginal product of factor x increases as the quantity of x increases, and the value of the marginal product of x is equal to the wage rate, then the profit-maximizing amount of x is being used.




Answer: False