- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 3. Marginal Revenue, Marginal Cost and Profit Maximization
CFA Practice Question
The most valued use of a resource is the use that maximizes the ______.
B. marginal revenue product of the resource
C. marginal product of the resource divided by its price
A. marginal product of the resource
B. marginal revenue product of the resource
C. marginal product of the resource divided by its price
Correct Answer: B
The most valued use of a resource is the use that maximizes the marginal revenue product of the resource.
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