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:

Shoppers Orientations

The attitudes, preferences, and behaviors that consumers exhibit while shopping, influenced by personal, psychological, and social factors.

Interaction Style

Describes the manner in which a person communicates or engages with others, which can vary widely across individuals.

Sales Interactions

These are the exchanges or engagements between sales representatives and potential or existing customers during the process of selling goods or services.

Assertiveness

A communication style and behavior characterized by confidently expressing one’s opinions and needs directly and respectfully.