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The Maximum Possible Output for a Given Cost Can Be

Question 152

Multiple Choice

The maximum possible output for a given cost can be obtained from two factors, labor (L) and capital (K) , if:


A) MPL/MPK = PL/PK
B) MPL/PL =MPK/PK
C) PL/MPL = MPK/PK
D) A and B are both correct.

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