The Least-Cost Rule Requires That, for Every Factor, the Ratio

question 73

Multiple Choice

The least-cost rule requires that, for every factor, the ratio of the

• A)marginal physical product to factor price must be equal.
• B)marginal revenue product to factor price must be equal.
• C)marginal revenue product to output must be equal.
• D)marginal cost to factor price must be equal.
• E)b and c

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Definitions:

Sociologists of Religion

Scholars who specialize in the study of religious institutions, practices, and beliefs and their influence on society.

Religion in General

The belief in and worship of a superhuman controlling power, especially a personal God or gods, encompassing a wide range of faiths and practices.

Religious Beliefs

The convictions or faith individuals or communities hold regarding the existence, nature, and worship of a deity or deities, and the divine involvement in the universe and human life.

Particular Religious Practices

Specific rituals, ceremonies, and behaviors observed and performed in the context of a religion.