Question 0

A firm achieves least cost in production by substituting factors until

  • A.their factor prices are equal
  • B.their marginal-physical products are each equal to their factor prices
  • C.their marginal-physical products are each zero
  • D.the ratio of their marginal-physical products equals the ratio of their prices
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1986
Question no.
#0
Type
Objective

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