Suppose a firm is operating at an input combination such that MRTS,LK How should the firm adjust its use of labor and capital to reach an optimum input combination? O A. the firm should increase its use of capital and decrease its use of labor. O B. the firm should reduce its use of capital and increase its use of labor OC. the firm should adjust the cost of inputs

Suppose a firm is operating at an input combination such that MRTS,LK How should the firm adjust its use of labor and capital to reach an optimum input combination? O A. the firm should increase its use of capital and decrease its use of labor. O B. the firm should reduce its use of capital and increase its use of labor OC. the firm should adjust the cost of inputs

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 3.9P

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