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Mairoon Mairoon
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6 years ago
At the XYZ Co., a unit of capital costs 3 times as much as a unit of labor. If the isoquants are convex, and the firm does not change its input mix in the long run, we can conclude that
A) MPK = 3 * MPL.
B) the firm will not hire any capital.
C) the firm will hire 3 times as much labor as capital.
D) the firm will hire 3 times as much capital as labor.
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Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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6 years ago
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Mairoon Author
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6 years ago
Correct Slight Smile TY
Gamiung3657
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Yesterday
This helped my grade so much Perfect
taydav
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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