A Firm Produces 15 Units of Output from the Last

question 141

Multiple Choice

A firm produces 15 units of output from the last dollar it spends on labor and 10 units from the last dollar spent on capital. The firm should

• A) employ more labor and less capital.
• B) employ more capital and less labor.
• C) employ more capital and labor.
• D) employ less capital and labor.

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Definitions:

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