Suppose a Firm Employs Two Kinds of Inputs,capital at $100

question 54

Multiple Choice

Suppose a firm employs two kinds of inputs,capital at $100 per unit,and labour at $25 per unit.If the marginal product of capital is 50,then the firm should in order to minimize its production costs.

• A)employ more labour and more capital
• B)employ more capital and less labour
• C)employ more labour and less capital
• D)not change its current factor use
• E)There is insufficient information to make a recommendation.

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