A firm achieves least cost in production by substituting ...
A firm achieves least cost in production by substituting factors until
Their factor prices are equal
Their marginal-physical products are each equal to their factor prices
Their marginal-physical products are each zero
The ratio of their marginal-physical products equals the ratio of their prices
Correct answer is C
No explanation has been provided for this answer.
Robert T. Malthus postulated in his population theory that ...
The use of tax and expenditure policy to regulate the economy is known as ...
Which of the following best describes the mode? the ...
If commodity X is a by-product of commodity Y, this implies that both commodities are ...
Macro-economics is a study of economics science from the point of view of ...
The rate of output per worker (or group of workers) per unit time is called ...