If a Firm Is Using Labour and Capital Such That

question 28

Multiple Choice

If a firm is using labour and capital such that the MP of labour is two times the MP of capital,and the price of labour is four times the price of capital,the firm should ________ in order to minimize its costs of producing its output.

• A)increase capital and decrease labour
• B)decrease both capital and labour
• C)decrease capital and increase labour
• D)increase both labour and capital
• E)not alter its present factor mix

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Definitions:

Stains

Substances used to mark or color materials (in a biological context, often used to highlight structures in microscopy).

Microbiologic Specimen

A sample of biological material such as blood, urine, or tissue used to identify and study microorganisms like bacteria, viruses, and fungi.

Biohazard Symbol

A symbol that must appear on all containers used to store waste products, blood, blood products, or other specimens that may be infectious.

Human Disease

Any disturbance of a structure or function of the body, typically manifesting by characteristic symptoms and signs, and not resulting directly from physical injury.