At the XYZ Co

question 129

Multiple Choice

At the XYZ Co. ,a unit of capital costs three times as much as a unit of labor.If MPK = 10,MPL = 5,then this firm

• A)is minimizing its cost at current output level.
• B)should use more capital and less labor to raise output at current cost.
• C)should use less capital and more labor to raise output at current cost.
• D)None of above.

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Definitions:

Account

A record or statement that tracks financial transactions and the financial position of an individual, company, or other entity.

Balance

The equilibrium state where different elements are in the correct proportions or positions to create harmony or stability.

Immediate Payment

A payment method where the transaction is settled instantly or without any significant delay.

Annual Payments

Annual payments refer to the total amount of money paid or to be paid each year, which might include rent, interest, or salaries.