Multiple Choice
Figure 7-15 
For a firm at equilibrium, at point A in Figure 7-15,
A) the price of labor is high relative to the price of machines.
B) the MPP of labor is greater than the MPP of machines.
C) the MPP of labor is less than at point B.
D) output is higher than at point B.
Correct Answer:
Verified
Correct Answer:
Verified
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