In the short run, finding the optimal amount of variable input involves which relationship? A) MP...
In the short run, finding the optimal amount of variable input involves which relationship?
A) MP = MC
B)AP = MP
C)MP = 0
D)MRP = MFC
Homework Answers
Answer) The optimal amount of variable input involves MRP = MFC relationship.
In short run MP always equals zero when TP is at its maximum point. So option C is incorrect. And MP = AP happens in second stage which is not optimal. So option A is also incorrect.
Hence option D is the correct answer.
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