The shape of a firm's expansion path depends upon
A)the price of the labor input.
B)the price of the capital input.
C)the shape of the firm's production function.
D)all of these factors.

Question

Quizplus · Accepted Answer

The shape of a firm's expansion path depends on several factors, including the prices of labor and capital inputs, as well as the shape of the firm's production function. Therefore, the best choice is D, as all of these factors can impact the shape of the expansion path.

The Shape of a Firm's Expansion Path Depends Upon