The MPP of Labor Divided by Its (Labor's) Price Is

question 102

Multiple Choice

The MPP of labor divided by its (labor's) price is greater than the MPP of capital divided by its (capital's) price. Costs can be minimized by

• A)buying more capital and less labor.
• B)buying more labor and less capital.
• C)maintaining the current MPP/P ratios.
• D)buying twice as much labor as capital.
• E)none of the above

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Definitions:

Codons

Sequences of three nucleotides in mRNA that specify the addition of a specific amino acid or the termination of translation.

Amino Acid

Organic compounds that serve as the building blocks of proteins, necessary for the growth and repair of body tissues.

Introns

Non-coding sections of DNA or RNA that are removed before the final mRNA is formed in eukaryotic cells.

Nucleotide Sequences

The order of nucleotides in a DNA or RNA molecule that determines genetic information.