Multiple Choice
If a firm is producing at minimum cost using positive amounts of two inputs, an increase in the price of input one will cause
A) a decrease in the marginal rate of technical substitution
B) an increase in the marginal product of input one
C) a decrease in the absolute value of the slope of the isocost
D) a decrease in the marginal product of input one
Correct Answer:

Verified
Correct Answer:
Verified
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