In order to maximize output from a technology that uses one variable input, one must employ the input in such a way that its:
A) MP is zero.
B) AP is at a maximum.
C) AP is zero.
D) MP is equal to its per- unit price.
Correct Answer:
Verified
Q62: What happens to the cost of growing
Q63: The variable cost function and the total
Q64: Which of the following would be considered
Q65: The law of diminishing marginal productivity implies
Q66: The variable cost function shows the expenditure
Q68: Which of the following is a Cobb-
Q69: If you pay $35 for a sticker
Q70: Which assumption guarantees that the marginal product
Q71: Economists might consider the cash for clunkers
Q72: The free- disposal assumption implies that:
A)the MP
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents