Assuming Pure Competition, Which of the Following Are Equivalents?
A) $\mathrm { MRP } L _ { 1 } / P _ { L } = \mathrm { MRP } _ { C } / P _ { C } \text { and } P _ { x } = 1 / \mathrm { MC }$

question 49

Multiple Choice

Assuming pure competition, which of the following are equivalents?

• A) \(\mathrm { MRP } L _ { 1 } / P _ { L } = \mathrm { MRP } _ { C } / P _ { C } \text { and } P _ { x } = 1 / \mathrm { MC }\)
• B) \(\mathrm { MRP } _ { L }/ P _ { L } = \mathrm { MRP } C / P C \text { and } P _ { x } = \mathrm { AVC }\)
• C) \(P _ { X } = \mathrm { MC } \text { and } \mathrm { MRP } _ { L } / P _ { L } = \mathrm { MRP } C / P C = 1\)
• D) \(P _ { x } = \mathrm { MC } \text { and } \mathrm { MP } _ { L } / P _ { L } = M P _ { C } / P _ { C}\)