If the Marginal Product Per Dollar Spent on Capital Is

question 33

Multiple Choice

If the marginal product per dollar spent on capital is less than the marginal product per dollar spent on labor,then in order to minimize costs the firm should use:

• A) less capital and more labor.
• B) less labor and more capital.
• C) less labor and less capital.
• D) more labor and more capital.

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Definitions:

Physical and Emotional Exhaustion

A state of being extremely tired both in body and mind, often as a result of prolonged stress or overwork.

Work-related Stress

Tension or anxiety resulting from job demands, workplace environment, or work-life balance challenges, affecting mental and physical health.

Self-efficacy

A person's belief in their ability to succeed in specific situations or accomplish a task, which can play a significant role in how one approaches goals, tasks, and challenges.

Psychosomatic Disease

A condition wherein psychological factors significantly affect physiological functioning, potentially resulting in physical disease or symptoms.