The First-Order Conditions for Maximizing Profits, = P ×

Multiple Choice

The first-order conditions for maximizing profits, = P × F(K,L) - wL − rK,are:

A) P × {F(K, L) / K} − r = 0 and P × {F(K, L) / L} − w = 0.
B) P × MP_K − r = 0 and P × MP_L − w = 0.
C) VMP_K = r and VMP_L = w.
D) All of the answers are correct.