Solved

A Firm Using Two Inputs,X and Y,is Using Them in the Most

Question 21

Multiple Choice

A firm using two inputs,X and Y,is using them in the most efficient manner when

A) MPx = MPy.
B) Px = Py and MPx = MPy.
C) MPx/Py = MPy/Px.
D) MPx/MPy = Px/Py.

Related Questions

Q16: What are the major issues that must

Q17: Which of the following statements about the

Q18: When is it not in the best

Q19: In economic theory,if an additional worker adds

Q20: Given the Production Function Q = 72X

Q22: The marginal product of the variable input<br>A)is

Q23: What does the expansion path represent?

Q24: In the short run,finding the optimal amount

Q25: Which of the following is the best

Q26: The difference between the short-run and the