If a Firm Is Hiring Inputs Under Purely Competitive Conditions

question 326

Multiple Choice

If a firm is hiring inputs under purely competitive conditions, then any level of output will be produced with the least-cost combination of resources A and B when

• A)MU of A/price of A = MU of b/price of B.
• B)MRP of A = MRP of B.
• C)the price of A equals the price of B.
• D)MP of A/price of A = MP of b/price of B.

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