Suppose That Capital Costs $6 Per Unit and Labour Costs

question 59

Multiple Choice

Suppose that capital costs $6 per unit and labour costs $3 per unit.If the marginal product of capital is 3 and the marginal product of labour is 6,the cost-minimizing firm should

• A)employ more of both capital and labour.
• B)employ less of both capital and labour.
• C)employ more capital and less labour.
• D)employ less capital and more labour.
• E)not change its current factor use.

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Definitions:

Chronic Pain

Pain that endures beyond the time of normal healing; frequently experienced in the absence of detectable tissue damage.

Promoting Health

The endeavor to enhance individuals' well-being and prevent diseases through lifestyle choices and interventions.

Healthy Aging

The process of optimizing opportunities for physical, social, and mental well-being throughout the lifespan, especially in older age.

Coping With Pain

Strategies or methods employed by individuals to manage and alleviate pain.