A Firm Maximizes Profits When the ________ Equals the ________

question 20

Multiple Choice

A firm maximizes profits when the ________ equals the ________.

• A) actual marginal product of capital; actual marginal product of labour
• B) actual marginal product of capital; expected marginal product of capital
• C) expected marginal product of capital; opportunity cost of capital
• D) expected marginal product of capital; user cost of capital

---

Definitions:

R

In electrical engineering, "R" typically refers to resistance, which is a measure of the opposition to the flow of electric current.

Apparent Power

The product of the current and voltage in an AC circuit, measured in volt-amperes, not necessarily equal to the actual power consumed.

RC Parallel Circuit

An electrical circuit in which a resistor and a capacitor are connected in parallel, affecting the impedance and phase angle of the overall circuit.

R

A symbol commonly used to represent resistance in an electrical circuit, measured in ohms.