Multiple Choice
In the long run,_____.
A) the marginal cost of each input differs by the ratio of their prices
B) all inputs to production are fixed
C) the marginal cost of each input equals the ratio of their prices
D) all inputs to production are variable
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: Use the following figure to answer the
Q41: The ratio of the change in total
Q42: The law of diminishing marginal returns _.<br>A)is
Q43: Use the following table to answer the
Q44: Estimation of a production function from the
Q46: If the average product of labor is
Q47: Draw isoquants for the following:<br>a)Tree Fellas Ltd.is
Q48: A technologically efficient level of output is
Q49: The slope of the total product curve
Q50: An isoquant shows _.<br>A)the different quantities of