In order to minimize the cost of a particular level of output,a firm should produce where:
A)labor input equals capital input.
B)the RTS (of L for
K)=
C)the RTS (of L for
K)=
D)the MRS =

Question

In order to minimize the cost of a particular level of output,a firm should produce where:
A)labor input equals capital input. 
B)the RTS (of L for 
K)= 
C)the RTS (of L for 
K)= 
D)the MRS =

Quizplus · Accepted Answer

The Answer of In order to minimize the cost of a particular level of output,a firm should produce where:
A)labor input equals capital input. 
B)the RTS (of L for 
K)= 
C)the RTS (of L for 
K)= 
D)the MRS =

In Order to Minimize the Cost of a Particular Level