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If a Firm Used Only Two Factors of Production,labor (L)and

Question 84

Multiple Choice

If a firm used only two factors of production,labor (L) and capital (K) ,which of the following conditions would be present if the firm was minimizing its cost of production?


A) MPL ¸ PL = MPK ¸ PK
B) MPL ´ PL = MPK ´ PK
C) MRPL = MRPK
D) MPL = MPK

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