In Order to Minimize the Cost of a Particular Level $\frac { v } { w }$

question 1

Multiple Choice

In order to minimize the cost of a particular level of output,a firm should produce where

• A)labor input equals capital input.
• B)the RTS (of L for K)= \(\frac { v } { w }\) .
• C)the RTS (of L for K)= \(\frac { w } { v }\)
• D)the MRS = \(\frac { v } { w }\) .

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