A Firm Is Producing with the Least-Cost Combination of Resources

question 70

Multiple Choice

A firm is producing with the least-cost combination of resources when the

• A) last dollar spent on each resource yields the same marginal product.
• B) total dollars spent on each resource are all the same.
• C) unit prices of the resources are equalized.
• D) marginal product of each of the resources is all the same.

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