Cost Minimization Suggests That Two Inputs Should Be Employed to the Point

question 288

Multiple Choice

Cost minimization suggests that two inputs should be employed to the point where

• A) the marginal cost of each input is identical.
• B) the marginal revenue product of each input is identical.
• C) the marginal physical product per dollar spent on each input is identical.
• D) the extra contribution to physical output of the inputs is identical.

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