If a Firm Uses Only Capital and Labor as Inputs

question 227

Multiple Choice

If a firm uses only capital and labor as inputs, then what should the firm do at a given rate of production if the marginal physical product of labor per last dollar spent is higher than the marginal physical product of capital per last dollar spent?

• A) The firm should increase both the quantity of capital and the quantity of labor.
• B) The firm should decrease both the quantity of capital and the quantity of labor.
• C) The firm should increase the quantity of capital and reduce the quantity of labor.
• D) The firm should decrease the quantity of capital and increase the quantity of labor.

Understand the structural differences between purines and pyrimidines.

Interpret tables summarizing the properties of nitrogenous bases, and evaluate their accuracy.

Explain the significance of self-contained cells and lipid bilayers for the evolution of life.

Identify the role of catalysts and enzymes in biological reactions and their importance in the origin of life.

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Definitions:

Anglo-American Culture

The shared cultural heritage and social norms derived primarily from the historical, linguistic, and political ties between Britain and the United States.

King George's War

A conflict between Great Britain and France in North America from 1744 to 1748, part of the War of the Austrian Succession.

Chesapeake

A region in the United States known for the Chesapeake Bay, an estuary lying inland from the Atlantic Ocean, and surrounding areas, including parts of Maryland and Virginia.