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If a Firm Is Hiring Variable Resources D and F MPD=MPF\mathrm { MP } _ { D } = \mathrm { MP } _ { F }

Question 220

Multiple Choice

If a firm is hiring variable resources D and F in perfectly competitive input markets, it will minimize the cost of producing any level of output by employing D and F in such amounts that


A) the price of each input equals its MP.
B) MPD=MPF\mathrm { MP } _ { D } = \mathrm { MP } _ { F }
C) MPD/PD=MPF/PF\mathrm{MP} _ { D } / P _ { D } =\mathrm{MP} _ { F } / P _ { F }
D) MPD/PF=MPF/PD\mathrm { MP } _ { D } / P _ { F } = \mathrm { MP }_ { F } / P _ { D }

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