Figure 7-17 -Which of the Following Statements Must Be True When a Be

question 178

Multiple Choice

Figure 7-17

-Which of the following statements must be true when a firm makes choices that put it at point A in Figure 7-17?

• A)The firm is minimizing its cost of producing 100 units of output.
• B)The ratio of the marginal physical products of labor and of land equals the ratio of the prices of labor and of land.
• C)The firm first decided how much output to produce and then decided how to produce it.
• D)All of the above are true.

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Definitions:

Objective

Pertaining to data that are readily apparent and measurable, such as vital signs, test results, or physical examination findings.

Specimen Slide

A thin slice of material, such as tissue, placed on a glass slide for examination under a microscope.

Stage

A specific phase or period in a process or the progression of an event or disease.

Oil-immersion Objective

A microscope lens designed to be used with a drop of oil to increase magnification and resolution of microscopic images.