Which of the Following Conditions Indicate Cost Minimization,assuming Two Inputs,labour

question 94

Multiple Choice

Which of the following conditions indicate cost minimization,assuming two inputs,labour (L) and capital (K) ?

• A)MPL = MPK
• B)MPK/PL = MPL/PK
• C)MPK/PK = MPL/PL
• D)PK = PL
• E)PK · MPK = PL · MPL

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Definitions:

Attitudes

A settled way of thinking or feeling about something, typically reflected in a person's behavior or actions.

Influences

Forces or factors that have an effect on the actions, behavior, opinions, or development of someone or something.

Mere Exposure Effect

An effect that occurs when people hold a positive attitude toward a stimulus simply because they have been exposed to it repeatedly.

Classical Music

A genre of music that spans a period from roughly the 11th century to the present day, characterized by its complex structure and written in musical notation.