64 778
Assignments Done
99,3%
Successfully Done
In September 2018

Answer to Question #51391 in Microeconomics for Rob

Question #51391
In order to minimize costs, a firm will employ resources such that the marginal products for each input are equalized. True, False or Uncertain
Expert's answer
In order to minimize costs, a firm will employ resources such that the average total costs are at its minimum and the marginal products for each input are equalized, as the marginal productivity per dollar spent should be the same for all inputs.
So, the statement is True.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions