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A Firm Uses Inputs a and B When the Price

question 48

Multiple Choice

A firm uses inputs A and B when the price of A is $3 per unit and the price of B is $5 per unit.The marginal product of A is 15 units.If the firm is making an optimal input decision,the marginal product of B must be

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Definitions:

Heat

A form of energy associated with the movement of atoms and molecules in any material.

Evaporation

Transition of a liquid to a vapor.

Coelomic Fluid

Fluid found within the coelom, the body cavity of most animals, which aids in the transport of gases, nutrients, and waste materials.

Nephridia

Excretory organs in many invertebrates, including annelids, that serve to remove metabolic wastes from an organism’s body.

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