For a Firm with Only Two Inputs,capital and Labour,the Condition

Multiple Choice

For a firm with only two inputs,capital and labour,the condition MPK/MPL = PK/PL guarantees that the firm is

A) at its profit- maximizing and cost- minimizing level of output.
B) minimizing its costs but is not necessarily maximizing its profits.
C) economically efficient but not technically efficient.
D) technically efficient but not economically efficient.
E) at its profit- maximizing output but is not necessarily minimizing its costs.