A Firm Combines Two Resources, a and B, to Produce

question 68

Multiple Choice

A firm combines two resources, A and B, to produce an output, Q.Their respective marginal revenue products are $30 and $21.A costs $15 a unit and B $7 a unit.To reduce the cost of Q,

• A)more B and less A should be used.
• B)more A and less B should be used.
• C)more of both resources should be used.
• D)less of both resources should be used.

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Definitions:

Queer Theory

An intellectual movement that explores sexual orientation and gender identity as fluid, challenging traditional binaries.

Conflict Theory

A sociological perspective that emphasizes the role of power and inequality in society, focusing on how they contribute to social conflict and change.

Power

The ability or capacity to direct or influence the behavior of others or the course of events, often associated with authority and control.

Status Differentials

The unequal distribution of social honor, respect, and prestige among individuals or groups in a society, often correlated with job position, wealth, and level of education.