Suppose MPL = 0

question 78

Multiple Choice

Suppose MPL = 0.5 ∗ (q/L) and MPK = 0.5 ∗ (q/K) .In the long run,the firm will hire equal amounts of capital and labor

• A)all of the time.
• B)only when w = r.
• C)only when w = 0.5 ∗ r.
• D)at no point in time.

---

Definitions:

Small Intestine

A part of the gastrointestinal tract that extends from the stomach to the large intestine, where most of the digestion and absorption of nutrients occur.

Gallbladder

A small digestive organ located beneath the liver, responsible for storing and concentrating bile.

Lesser Omentum

A double layer of peritoneum that extends from the liver to the lesser curvature of the stomach and the beginning of the duodenum, involved in the formation of the stomach and duodenal pouch.

Stomach

A hollow organ in the gastrointestinal tract that secretes acid and enzymes for food digestion.