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

Author Question: By expressing the cost-minimizing condition as MPK/MPL= PK/PL, we are able to see (Read 186 times)

allywil32

  • Full Member
  • ***
  • Posts: 144
on: Oct 12, 2022

Question 1

Which of the following paired concepts are equivalent to each other?
◦ increasing costs; economies of scale
◦ increasing returns; increasing costs
◦ constant costs; economies of scale
◦ increasing returns; decreasing costs
◦ increasing returns; diseconomies of scale

Question 2

By expressing the cost-minimizing condition as MPK/MPL = PK/PL, we are able to see
◦ how the firm can adjust the marginal products of the factors of production to the prices of the factors given by the market.
◦ that the ratio of factor prices is constant over time.
◦ how the firm determines its profit-maximizing output.
◦ that the capital-labour ratio is fixed.
◦ that the firm is producing at a lower cost if the left-hand side of the equation is greater than the right-hand side.
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 allywil32 on Oct 12, 2022

ekattan2

  • Full Member
  • ***
  • Posts: 151
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 32% of students answer this correctly


allywil32

  • Member
  • Posts: 144
Reply 2 on: Oct 12, 2022
:D TYSM

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Man undergoing a stress test on a treadmill while physician monitors his condition Man undergoing a stress test on a treadmill while physician monitors his condition
Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate
Nephrolithiasis. Stones, or calculi, may form in several areas within the urinary tract. When they f Nephrolithiasis. Stones, or calculi, may form in several areas within the urinary tract. When they f
Flow cytometry. Cells expressing the surface markers CD4, CD8, and CD3 are labeled in a direct ... Flow cytometry. Cells expressing the surface markers CD4, CD8, and CD3 are labeled in a direct ...
Expressing amounts of energy in different energy units is necessary to solve man Expressing amounts of energy in different energy units is necessary to solve man
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library