Figure 7-15

For a firm at equilibrium, at point A in Figure 7-15,
A)the price of labor is high relative to the price of machines.
B)the MPP of labor is greater than the MPP of machines.
C)the MPP of labor is less than at point B.
D)output is higher than at point B.

Question

Figure 7-15

For a firm at equilibrium, at point A in Figure 7-15,
A)the price of labor is high relative to the price of machines. 
B)the MPP of labor is greater than the MPP of machines. 
C)the MPP of labor is less than at point B. 
D)output is higher than at point B.

Quizplus · Accepted Answer

The Answer of Figure 7-15

For a firm at equilibrium, at point A in Figure 7-15,
A)the price of labor is high relative to the price of machines. 
B)the MPP of labor is greater than the MPP of machines. 
C)the MPP of labor is less than at point B. 
D)output is higher than at point B.

Figure 7-15 For a Firm at Equilibrium, at Point a in Figure