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

question 295

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:

Multicultural Experiences

Interactions and engagements that involve or relate to multiple cultures, enhancing understanding and appreciation of cultural diversity.

International Assignments

Work assignments where employees are sent by their employers to work in a foreign country for a temporary period.

Global Environment

The international context within which organizations operate, influenced by economic, social, technological, and political factors across borders.

Divisional Structure

A structure that organizes a company by units according to the products they make, the customer segments they serve, or the geographic location in which they operate.