If a Firm Uses Only Capital and Labor as Inputs

question 35

Multiple Choice

If a firm uses only capital and labor as inputs, then what should the firm do at a given rate of production if the marginal physical product of labor per last dollar spent is lower than the marginal physical product of capital per last dollar spent?

• A) The firm should increase both the quantity of capital and the quantity of labor.
• B) The firm should decrease both the quantity of capital and the quantity of labor.
• C) The firm should increase the quantity of capital and reduce the quantity of labor.
• D) The firm should decrease the quantity of capital and increase the quantity of labor.

Recognize the energetic requirements of phloem sap translocation and the factors influencing it.

Predict how plants might adapt to environmental changes, especially regarding water use efficiency and leaf morphology.

Identify and understand the impact of nutrient deficiencies in plants.

Recognize the elements available to plants in unlimited supply and their sources.

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Definitions:

Mental Age

A measure of an individual’s cognitive ability expressed in terms of the age at which an average individual reaches the same ability.

Intelligence Quotient

A score derived from standardized assessments designed to measure human intelligence and cognitive abilities.

Bell Curve

A graphical representation of a normal distribution of data, shaped like a bell, often used in statistical analysis.

Schematic Drawing

A simplified representation of an idea, object, or system, used to understand or explain its structure or function.