If a Firm Is Choosing Cost-Minimizing Combinations of Inputs,marginal Cost

question 17

Multiple Choice

If a firm is choosing cost-minimizing combinations of inputs,marginal cost can be defined as the price of any:

• A) input divided by its average product.
• B) variable input divided by its average product.
• C) fixed input divided by its average product.
• D) variable input divided by its marginal product.
• E) fixed input divided by its marginal product.

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Definitions:

Corpor/e

A term referring to the body as a whole or to a body or bodily part; in medical terms, it often relates to the main part of a structure.

Cholesterol

A waxy substance found in the blood and in all your cells, which is vital for producing hormones, vitamin D, and bile for digestion.

Bloodstream

The flowing blood within the circulatory system of the body.

Lipoprotein

A molecule consisting of protein and fat, which transports fats in the blood and lymphatic system.