A Cost-Minimizing Firm Will Increase Its Use of Labour and Decrease

question 80

Multiple Choice

A cost-minimizing firm will increase its use of labour and decrease its use of capital when the

• A)marginal product of capital is higher than the marginal product of labour.
• B)marginal product of capital,per dollar spent on capital,is greater than the marginal product of labour,per dollar spent on labour.
• C)average product of capital is higher than the average product of labour.
• D)total product of capital is higher than the total product of labour.
• E)marginal product of capital,per dollar spent on capital,is less than the marginal product of labour,per dollar spent on labour.

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Definitions:

Antibiotic Resistant

Refers to bacteria that have evolved the ability to survive and grow in the presence of antibiotics that were originally effective against them.

Directional Selection

A mode of natural selection where an extreme phenotype is favored over other phenotypes, causing the allele frequency to shift over time.

Bacterial Population

A bacterial population consists of a group of bacteria residing in a specific area, which can exhibit growth, mutual interactions, and adaptation to their environment.

Mutation

A change in the DNA sequence within a gene or chromosome of an organism leading to the creation of a new character or trait not found in the parental type.