The least-cost rule requires that, for every factor, the ratio of the
A) marginal physical product to factor price must be equal.
B) marginal revenue product to factor price must be equal.
C) marginal revenue product to output must be equal.
D) marginal cost to factor price must be equal.
Correct Answer:
Verified
Q83: Exhibit 26-4 Q84: Exhibit 26-3 Q85: Exhibit 26-4 Q86: The value of marginal product (VMP)is Q87: A perfectly competitive firm will maximize its Q89: Marginal productivity theory implies that a worker Q90: Marginal productivity theory implies that a worker Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)equal to
