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Which of the Following Conditions Indicate Cost Minimization,assuming Two Inputs,labour

Question 88

Multiple Choice

Which of the following conditions indicate cost minimization,assuming two inputs,labour (L) and capital (K) ?

A) P_K ∙ MP_K = P_L ∙ MP_L
B) MP_L = MP_K
C) MP_K/P_K = MP_L/P_L
D) MP_K/P_L = MP_L/P_K
E) P_K = P_L

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