If for a Firm the Price of Input a Is

question 9

Multiple Choice

If for a firm the price of input A is four times the price of input B,costs will be minimized for a given level of output when the

• A) firm uses four times as much input A as input B.
• B) total product of input A is four times greater than the total product of input B.
• C) average product of input A is four times greater than the average product of input B.
• D) marginal product of input A is four times greater than the marginal product of input B.
• E) total products of both A and B are equal to four times the marginal products of inputs A and B.

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Definitions:

Aerobic Culture

A test method in microbiology that grows bacteria or organisms in the presence of oxygen to identify infections.

Cryoglobulin Levels

The concentration of cryoglobulins in the blood, proteins that precipitate or clump together at low temperatures, associated with certain infectious, autoimmune, or chronic inflammatory conditions.

Ionized Calcium

The fraction of calcium in the blood that is not attached to proteins, important for many body functions including muscle contraction and blood clotting.

Lactic Acid

A metabolic byproduct produced by the body during anaerobic respiration, contributing to muscle fatigue and soreness post-exercise.