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Author Question: The cost-minimizing equilibrium condition can be written as (Read 82 times)

B

  • Hero Member
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  • Posts: 570
on: Apr 19, 2019

Question 1

Assume that capital and labor are complementary inputs. If the firm increases the amount of capital it employs, this would


◦ cause the firm to move down along the 
MP schedule for labor.
◦ cause the firm to move up along its 
MP schedule for labor.
◦ shift the firm's 
MP schedule for labor to the left.
◦ shift the firm's 
MP schedule for labor to the right.

Question 2

The cost-minimizing equilibrium condition can be written as


◦ MPL = 
MPK.
◦ PL = 
PK.
◦ (
MPL)(
PL) = (
MPK)(
PK).
◦ MPL/
PL = 
MPK/
PK.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by B on Apr 19, 2019

Christopher

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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B

  • Member
  • Posts: 570
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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