If the Ratio of the Marginal Product of Labor to the Marginal

question 28

Multiple Choice

If the ratio of the marginal product of labor to the marginal product of land is 1:3,a firm making an optimal input combination should

• A) employ three times as many workers as land units.
• B) employ one-third as many workers as land units.
• C) pay each worker three times as much as the price of a unit of land.
• D) pay each worker one-third as much as the price of a unit of land.
• E) use the same number of workers as units of land and pay each worker the same price as a unit of land.

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Definitions:

Carbonyl

A functional group characterized by a carbon atom double-bonded to an oxygen atom, commonly found in aldehydes, ketones, carboxylic acids, and amides.

NMR Spectroscopy

A spectroscopic method that utilizes the magnetic characteristics of specific atomic nuclei to identify the physical and chemical properties of atoms or the molecules they are part of.

Cyclohexane

A saturated hydrocarbon with the formula C6H12, featuring a ring structure of six carbon atoms.

Axial

"Axial" refers to positions or orientations along the axis of a molecule, usually in cyclic compounds, opposed to equatorial positions which are off the axis.