A product price searcher (monopolist, oligopolist, or monopolistic competitive firm) will maximize its profits by hiring factors up to the point at which a. MRP > MFC.
b. VMP > MFC.
c. MRP = MFC.
d. VMP = MFC.
e. c and d

The correct answer is the option E: c and d.

Explanation:

To begin with, a product price searcher will maximize its profits by hiring factors up to the point at which the marginal revenue productivity is equal to the marginal factor cost and the value marginal product is also equal to the marginal factor cost. And all that is necessesary due to the fact that the company will have to find the point where the fact of producing one more good by hiring one more factor of production produces the same amount when it comes to terms of profits and costs so that will implicate that the company will be able to substain itself.

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