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In Order to Minimize the Cost of a Particular Level vw\frac { v } { w }

Question 38

Multiple Choice

In order to minimize the cost of a particular level of output,a firm should produce where


A) labor input equals capital input
B) the RTS (of L for K) = vw\frac { v } { w }
C) the RTS (of L for K) = wv\frac { w } { v }
D) the MRS = vw\frac { v } { w }

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