Which of the following gives the condition for the least-cost combination of inputs? ( a) PL/ PK

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Which of the following gives the condition for the least-cost combination of inputs?

(

a) PL/ PK = MRTS

(

b) PL/ PK = MPL/ MPK (

c) MPL/ PL = MPK/ PK (

d) MPK/ MPL = Δ L/Δ K (

e) All of the above

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:01 AM

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Which of the following gives the condition for the least-cost combination of inputs? ( a) PL/ PK = MRTS ( b) PL/ PK = MPL/ MPK ( c) MPL/ PL = MPK/ PK ( d) MPK/ MPL = L/ K ( e) All of the above
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Which of the following gives the condition for the least-cost combination of inputs? ( a) PL/ PK

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Managerial Economics

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