Q.

To minimize cost of production at any level of output the monopsonist should continue to substitute labour and capital until

A. mel . mpl = mek . mpk
B. mel / mpl = mek / mpk
C. mel . mpl > mek . mpk
D. mel / mpl > mek / mpk
Answer» B. mel / mpl = mek / mpk
1.2k
0
Do you find this helpful?
5

Discussion

No comments yet