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If a Firm Is Hiring Variable Resources D and F

Question 217

Multiple Choice

If a firm is hiring variable resources D and F in perfectly competitive input markets, it will minimize the cost of producing any level of output by employing D and F in such amounts that


A) the price of each input equals its MP.
B) MP D = MP F.
C) MPd / Pd = MP F / PF .
D) MPd / PF = MPF / Pd.

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