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Author Question: If a firm is minimizing the cost of producing its chosen level of output, the marginal product of ... (Read 39 times)

Coya19@aol.com

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on: Jun 30, 2018
If a firm is minimizing the cost of producing its chosen level of output, the marginal product of the last dollar spent on each input should be equal.
  Indicate whether the statement is true or false

Question 2

The opportunity cost of going to movies is the price of entry into the movies.
 a. True
  b. False
  Indicate whether the statement is true or false


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debra928

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Reply #1 on: Jun 30, 2018
Answer to Question 1

T

Answer to Question 2

False


Coya19@aol.com

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Reply #2 on: Jun 30, 2018
Thank you


debra928

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Reply #3 on: Jun 30, 2018
No problemo


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