True/False
A least-cost combination of inputs requires that the marginal product per dollar spent on each variable input be equal.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: The reason that we can say that
Q17: The long run is a period of
Q18: The given production function exhibits which of
Q19: The following table gives the quantities of
Q20: The short run is a period so
Q22: The marginal rate of technical) substitution is
Q23: The We Make Them Like They Used
Q24: At the point where MP<sub>L</sub> is equal
Q25: The marginal product of a variable input
Q26: Use the following table to complete the