Suppose That Capital Costs $10 Per Unit and Labour Costs

question 23

Multiple Choice

Suppose that capital costs $10 per unit and labour costs $4 per unit.If the marginal product of capital is 50 and the marginal product of labour is 50,the firm should in order to minimize its costs of producing its output.

• A)employ more capital and less labour
• B)not change its current factor use
• C)employ less capital and labour
• D)employ less capital and more labour
• E)employ more capital and labour

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Definitions:

Phonological Processing

The use of sounds of a language to process verbal information in oral and written forms, which is critical for reading development.

Naming Speed

The ability to quickly recall and articulate the names of objects, symbols, or colors, often used as an indicator of language and reading proficiency.

Self-Image

Self-image is the mental representation that one has of oneself, including perceptions of one's attributes, abilities, and appearance.

Phonological Processing

Refers to the use and manipulation of sounds to understand language, essential in developing reading and writing skills.