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Author Question: The equation ( MPL/ PL) = ( MPK/ PK) represents (Read 66 times)

WhattoUnderstand

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  • Posts: 517
on: Apr 19, 2019

Question 1

Assume that capital and labor are complementary inputs. If the firm decreases 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 firmʹs 
MP schedule for labor to the left.
◦ shift the firmʹs 
MP schedule for labor to the right.

Question 2

The equation (
MPL/
PL) = (
MPK/
PK)
 represents


◦ profit maximization.
◦ cost minimization.
◦ the short-run production function.
◦ diminishing marginal returns.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by WhattoUnderstand on Apr 19, 2019

mohan

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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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WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

bbburns21

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  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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