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If the marginal factor cost is greater than the marginal revenue product of a resource, the producer can increase profits by laying off some units of the resource.

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In order to increase profits when the marginal cost is greater than the marginal revenue, some units can be laid off so this is TRUE.

How can profit be increased?

When the marginal revenue of a product is less than the marginal cost, then it means that too many units are being produced.

Profits can therefore be increased by laying off the production of some units of the resource which would reduce marginal cost.

Find out more on marginal cost and revenue at https://brainly.com/question/12231343

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