Multiple Choice
Suppose that a firm's production function of output Q is a function of only two inputs, labor (L) and capital (K) and can be written Q = 25LK with marginal products MPL = 25K and MPK = 25L. Letting the wage rate for labor be w and the rental rate of capital be r, the equation for the firm's demand for labor would be:
A)
B)
C)
D)
Correct Answer:

Verified
Correct Answer:
Verified
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