The Least-Cost Rule Requires That, for Every Factor, the Ratio

question 73

Multiple Choice

The least-cost rule requires that, for every factor, the ratio of the

• A)marginal physical product to factor price must be equal.
• B)marginal revenue product to factor price must be equal.
• C)marginal revenue product to output must be equal.
• D)marginal cost to factor price must be equal.
• E)b and c

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Definitions:

Lingual Tonsils

Small masses of lymphatic tissue located at the base of the tongue, important for immune response against inhaled or ingested pathogens.

Pharyngeal

Related to the pharynx, the part of the throat that sits behind the mouth and nasal cavity.

Palatine

Referring to the bones that contribute to the structure of the palate in the mouth, important for forming the roof of the oral cavity.

Germinal Center

A region within lymph nodes where B cells rapidly multiply and differentiate in response to pathogens.