The First-Order Conditions for Maximizing Profits $\pi$ = P X F(K,L) - W_L - R_K, Are
A)P

Multiple Choice

The first-order conditions for maximizing profits, $\pi$ = P x F(K,L) - w_L - r_K, are

A) P x { $\partial$ F(K,L) / $\partial$ K} - r = 0 and P x { $\partial$ F(K,L) / $\partial$ L} - w = 0.
B) P x MPK - r = 0 and P x MPL - w = 0.
C) VMPK = r and VMPL = w.
D) all of the statements associated with this question are correct.