Solved

Profit Maximization Implies That Firms Will Want to ________

Question 65

Multiple Choice

Profit maximization implies that firms will want to ________.


A) accumulate labor while the MPL is greater than the real wage
B) accumulate capital while the MPK is greater than the rental price of capital
C) not accumulate either input without limit,because of diminishing returns to each factor
D) all of the above
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions