Question 3

A firm achieves least cost in production by substituting factors until

  • A.their factor prices are equal
  • B.their marginal products are equal to the factor prices
  • C.their marginal products are each equal to zero
  • D.the ratios of their marginal product equals the ratio of their prices
  • E.none of the above
Objective

Question details

Exam body
UNICAL
Subject
Economics
Year
2019/2020
Question no.
#3
Type
Objective

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