This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a firm is employing labour (L) and capital (K) such thatMPK/MPL=PK/PL. If the price of ... (Read 73 times)

dusk108

  • Full Member
  • ***
  • Posts: 152
on: Oct 12, 2022
Suppose a firm is employing labour (L) and capital (K) such that MPK/MPL = PK/PL. If the price of labour rises, the cost-minimizing firm should then
◦ employ more capital and less labour because MPK/MPL < PK/PL.
◦ employ more capital and less labour because MPK/MPL > PK/PL.
◦ employ more labour and less capital because MPK/MPL < PK/PL.
◦ employ more labour and less capital because MPK/MPL > PK/PL.
◦ do nothing.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dusk108 on Oct 12, 2022

marufp

  • Full Member
  • ***
  • Posts: 169
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 50% of students answer this correctly


dusk108

  • Member
  • Posts: 152
Reply 2 on: Oct 12, 2022
Excellent

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Romanesque capital showing Samson and the lion (13th century). Romanesque capital showing Samson and the lion (13th century).
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Typical pattern of the stages of labour for first births and subsequent births Typical pattern of the stages of labour for first births and subsequent births
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library