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Elan Coil [88]
3 years ago
8

f there are two factors used in producing a good, the least-cost rule specifies that costs have been minimized when Group of ans

wer choices
Business
1 answer:
solniwko [45]3 years ago
6 0

Answer:

Explanation:

When there are two factors used in producing a good, the least-cost rule specifies that costs have been minimized when the MPP of the first factor divided by its price is equal to the MPP of the second factor divided by its price.

The least cost rule evaluated two factors of production. Let's say labor and capital. production at least cost has the requirements that labor’s marginal product divided by its price is equal to capital’s marginal product divided by its price.

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Answer for the question:

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The concept of materiality:
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Explanation:

Cash flow from Investing Activities

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3 years ago
Suppose the economy starts off producing Natural Real GDP. Next, aggregate supply rises, ceteris paribus. As a result, the price
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