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:

Medical Asepsis

Strategies and practices in healthcare designed to reduce the number and transmission of pathogens, including sterilization and use of disinfectants.

Hand Antiseptics

Substances used to eliminate or reduce harmful microorganisms from the hands, enhancing hygiene and preventing disease transmission.

Microorganism

A microscopic living body not perceivable by the naked eye.

Microscopic

Extremely small and detailed, visible only with the aid of a microscope.