At the XYZ Co

question 75

Multiple Choice

At the XYZ Co. ,a unit of capital costs three times as much as a unit of labor.If the isoquants are convex,and the firm does not change its input mix in the long run,we can conclude that

• A)MP_K = 3 ∗ MP_L .
• B)the firm will not hire any capital.
• C)the firm will hire 3 times as much labor as capital.
• D)the firm will hire 3 times as much capital as labor.

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A reference to Howard Gardner, an American developmental psychologist known for his theory of multiple intelligences.