Suppose the Marginal Product of Labor Is 10 and the Marginal

question 166

Multiple Choice

Suppose the marginal product of labor is 10 and the marginal product of capital is 8.If the wage rate is $5 and the price of capital is $2,then in order to minimize costs the firm should use:

• A) more capital and less labor.
• B) more labor and less capital.
• C) equal amounts of labor and capital.
• D) None of the preceding statements is correct.

---

Definitions:

Safer Sex

Practices adopted during sexual activity to minimize the risk of contracting or transmitting sexually transmitted infections, including the use of condoms and dental dams.

Unintended Pregnancies

Pregnancies that are not planned or desired at the time of conception, often leading to complex personal and social outcomes.

Separated

The condition in which individuals who were previously jointly situated, like married couples, choose to live apart without dissolving the legal union.

Divorced

A legal dissolution of a marriage by a court or other competent body, officially ending a marital relationship.