Which statement is true?

A) If the MRP of the last worker hired is higher than the wage rate,the firm has hired too few workers.
B) The most important influence on a firm's demand for a factor of production is the demand for the final product.
C) A firm will keep hiring more and more of a resource up to the point at which its MRP is equal to its price.
D) All of the statements are true.

MRP

The additional revenue produced by increasing one unit of a production input, emphasizing the productivity aspect in revenue generation.

Factor of Production

Resources used in the creation of goods or services, commonly categorized into land, labor, capital, and entrepreneurship.

Wage Rate

Remuneration paid by employers to employees for their labor, calculated on an hourly or annual basis, a key factor in employment decisions.