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Which of the Following Conditions Indicate Cost Minimization,assuming Two Inputs,labour

Question 94

Multiple Choice

Which of the following conditions indicate cost minimization,assuming two inputs,labour (L) and capital (K) ?

A) MPL = MPK
B) MPK/PL = MPL/PK
C) MPK/PK = MPL/PL
D) PK = PL
E) PK · MPK = PL · MPL

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