Multiple Choice
The "equal bang per buck" condition refers to the firm equating:
A) marginal revenue with marginal cost.
B) the marginal productivity of the last dollar spent on labor with the marginal productivity of the last dollar spent on capital.
C) the marginal productivity of capital with the marginal productivity of labor.
D) the cost of capital with the cost of labor.
Correct Answer:
Verified
Correct Answer:
Verified
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