A Firm's Optimal Input Proportions May Change If

question 30

Multiple Choice

A firm's optimal input proportions may change if

• A)input prices change.
• B)the relative marginal productivities of the inputs change.
• C)the firm's optimal output level changes.
• D)All of the above are correct.

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Definitions:

Categorical Proposition

A declaration that confirms or refutes something regarding every member of a group.

Contrary

In logic, refers to propositions that cannot both be true simultaneously, though they can both be false.

Proposition

A proclamation that reflects a judgment or viewpoint.

Singular Proposition

A statement or claim about a specific individual or distinct object.