Multiple Choice
If the ratio of the marginal product of labor to the marginal product of land is 1:3,a firm making an optimal input combination should
A) employ three times as many workers as land units.
B) employ one-third as many workers as land units.
C) pay each worker three times as much as the price of a unit of land.
D) pay each worker one-third as much as the price of a unit of land.
E) use the same number of workers as units of land and pay each worker the same price as a unit of land.
Correct Answer:

Verified
Correct Answer:
Verified
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