A Firm Uses Two Inputs, a and B

question 149

Multiple Choice

A firm uses two inputs, A and B.At its optimal choice of input proportions,

• A)MRP of A = MRP of B.
• B)MRPA/PA = MRPB/PB.
• C)MPP of A = MPP of B.
• D)All of the above are correct.

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Definitions:

Grand Opening Sale

A promotional event conducted to attract customers to a new business or service, offering products at reduced prices for a limited time to generate interest and traffic.

Letter of Credit

A financial document issued by a bank guaranteeing a buyer's payment to a seller within a specified timeframe.

International Sale

The transaction of goods or services across national borders, subject to international trade laws and regulations.

Issuer

The entity that develops, registers, and sells securities to finance its operations.