menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Study Set 2
  4. Exam
    Exam 26: Demand in the Factor Market
  5. Question
    The Optimum Resource Mix for a Firm Would Be
Solved

The Optimum Resource Mix for a Firm Would Be

Question 45

Question 45

Multiple Choice

The optimum resource mix for a firm would be


A) wage rate/rent = MRP of labor/MRP of land.
B) wage rate / rent = MRP of labor * MRP of land.
C) MRP of labor/wage rate = MRP of land/rent.
D) None of these choices are correct.

Correct Answer:

verifed

Verified

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

Related Questions

Q40: Suppose that land and labor are substitute

Q41: If a large decrease in the cost

Q42: The output effect states that if the

Q43: Land and capital are substitutes.If rent goes

Q44: <span class="ql-formula" data-value="\begin{array}{l}\begin{array} { cc } \text

Q46: When the price of a resource _,the

Q47: As output rises,<br>A)both marginal revenue product and

Q48: Productivity is _ per unit of _.<br>A)output;input<br>B)input;output<br>C)labor;capital<br>D)None

Q49: If the wage rate were $156,how many

Q50: Statement I: The substitution effect states that

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines