It is optimal for the firm to: Increase the amount of capital relative to the am
ID: 2438887 • Letter: I
Question
It is optimal for the firm to:
Increase the amount of capital relative to the amount of labor used in production
Decrease the amount of capital relative to the amount of labor used in production
Increase the amount of labor relative to the amount of capital used in production
Leave the capital labor ratio the unchanged.
Increase the amount of capital relative to the amount of labor used in production
Decrease the amount of capital relative to the amount of labor used in production
Increase the amount of labor relative to the amount of capital used in production
Leave the capital labor ratio the unchanged.
Explanation / Answer
Ans. It is the optimal time for the firm to increase the amount of labour relative to the amount of capital used in production. So the correct option is C.
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