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<br>(e) scarcity
<br>(e) scarcity
31. A monopolist will continue to purchase a particular factor of production (e.g,, inputs such as land, labor and/or capital) until:
31. A monopolist will continue to purchase a particular factor of production (e.g., inputs such as land, labor and/or capital) until:
<br>(a) marginal factor cost equals marginal revenue
<br>(a) marginal factor cost equals marginal revenue
<br>(b) marginal factor cost equals marginal revenue product
<br>(b) marginal factor cost equals marginal revenue product