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Title: In the long run, a profit-maximizing firm will select capital and labor so that
Post by: Peregrinus on Nov 14, 2017
In the long run, a profit-maximizing firm will select capital and labor so that
A) the marginal product of labor equals the marginal product of capital.
B) the wage divided by the marginal product of labor equals the rental cost of a unit of capital divided by the marginal product of capital.
C) labor equals capital.
D) the wage equals the rental cost of a unit of capital.


Title: Re: In the long run, a profit-maximizing firm will select capital and labor so that
Post by: desperado2 on Nov 14, 2017
B