Suppose That MP_L = 20 and MP_K = 21

question 46

Multiple Choice

Suppose that MP_L = 20 and MP_K = 21.If W = 10 and R = 11,then a firm:

• A) is producing its output at the lowest possible cost.
• B) could reduce costs by employing more labor and less capital.
• C) could reduce costs by employing more capital and less labor.
• D) could minimize costs by employing more of both inputs.

---

Definitions:

Near-Death Experience

A profound psychological event that may occur to a person close to death or in situations of extreme physical or emotional distress.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.

Distracted Driving

The act of driving while engaging in other activities that divert the driver's attention away from the road, leading to increased risk of accidents.

Traffic Accidents

Incidents on the road involving vehicles, pedestrians, animals, or other objects, which result in damage, injuries, or fatalities.