Cost Minimization Suggests That Two Inputs Should Be Employed to the Point

question 288

Multiple Choice

Cost minimization suggests that two inputs should be employed to the point where

• A) the marginal cost of each input is identical.
• B) the marginal revenue product of each input is identical.
• C) the marginal physical product per dollar spent on each input is identical.
• D) the extra contribution to physical output of the inputs is identical.

---

Definitions:

Biological Factors

Innate or genetic influences on physical and mental health, distinguishing individuals' susceptibility to diseases or behavioral patterns.

College Graduates

Individuals who have successfully completed a degree program at a college or university.

Smoke Cigarettes

The act of inhaling and exhaling the smoke produced by burning tobacco in rolled paper.

Illicit Drugs

Substances whose production, sale, or use is prohibited or strictly controlled by law due to their potential for abuse and addiction.