Multiple Choice
Which of the following presents an optimal combination of inputs?
A) marginal product of labor/marginal product of capital = price of labor/price of capital
B) marginal product of labor/price of capital = marginal product of capital/price of labor
C) marginal product of capital/price of labor = price of labor/marginal product of labor
D) marginal product of capital/marginal product of labor = price of labor/price of capital
E) marginal product of capital = marginal product of labor
Correct Answer:
Verified
Correct Answer:
Verified
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