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Which of the Following Conditions Indicate Cost Minimization, Assuming Two

Question 23

Multiple Choice

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

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

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