at the least cost of combination inputs, what can be said about the marginal productivity of...
at the least cost of combination inputs, what can be said about the marginal productivity of inputs
a)they are the same
b)they are the same when they are adjusted to the cost of the input
c)the cheaper of the input has the highest marginal productivity
d)nothing
Homework Answers
- Option A is the answer.
- They are the same.
- At the least cost combination inputs, it can be said about the marginal productivity of inputs that, they are the same. Least cost combination of inputs refers to the optimum input combination which gives the same quantity of output in least possible cost. On the other hand, marginal productivity is the change in output, resulting from the change in quantity of a particular input.
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