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EM

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If a firm is hiring inputs under purely competitive conditions, then any level of output will be produced with the least-cost combination of resources A and B when

A) MU of A/price of A = MU of b/price of B.
B) MRP of A = MRP of B.
C) the price of A equals the price of B.
D) MP of A/price of A = MP of b/price of B.

On Mar 10, 2024


D