If QA > 0, then the marginal value of output:
A) equals the marginal value of inputs employed.
B) is less than the marginal value of inputs employed.
C) exceeds the marginal value of inputs employed.
D) none of these.
Correct Answer:
Verified
Q1: A positive value for the labour input
Q2: When output is maximized subject to a
Q4: When an LP objective function is to
Q5: When the objective function coincides with a
Q6: The profit function = aQX + bQY,
Q7: If X = 0 in the primal
Q8: When the primal LP problem is to
Q9: If the labour slack variable > 0,
Q10: If the primal objective function is to
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