Find the Least Cost Output Assuming That MPL = R100

question 55

Multiple Choice

Find the least cost output assuming that MPL = R100 and MPK = R200

• A) Total cost of labour R2 000 and total cost of capital R2 000.
• B) Total cost of labour R2 000 and total cost of capital R4 000.
• C) Total cost of labour R4 000 and total cost of capital R2 000.
• D) It can't be done.

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Definitions:

Separate Spheres

A gender division theory suggesting that men and women have different and distinct roles in society, with men dominating the public sphere and women the private or domestic one.

Intrinsic Marriages

Marriages based on internal factors like personal fulfillment and genuine emotional connections, rather than external factors.

Vital

Essential or absolutely necessary for life or to the function of something.

Total Marriages

The cumulative number of legally recognized unions between individuals, typically measured within a specific geographical area and time frame.