Home

What is the correct answer?

4

The budget constraint equation of the firm is:

A.

B.

C.

D.

Correct Answer :

C.


Here, L means total units of labor, means price of labor, K means total units of capital, means price of capital and C means total cost or budget.)

Related Questions

According to Chamberline, in monopolistic competition, differentiation… The number of sellers in duopoly is: Marginal Productivity Theory deals with the theory of: The long-run average cost is based on the fact that: If a good is an inferior good then an increase in incomes of the consumers… AR curve under perfect competition: Moving down along a linear demand curve: According to marginalistic rule, the profit maximization hypothesis requires: Scarcity is: On all points of budget (price) line: Short run cost curves are influenced by: Stable cobweb model is a: If we measure the elasticity of demand with the help of the average and… The main contribution of Adam Smith is in the field of: The word ECONOMICS is derived from the Greek terms meanings: In first degree price discrimination, monopolist takes away : Economies of large-scale production: The Modern and Neo-Keynsian Theory of Interestwas presented by: Marginal cost curve cuts the average cost curve: According to Robbins, economics is a: According to Marshal, the Law of Diminishing Marginal Utility: The central problem of economics is: Cardinal approach includes arranging: The slope of the iso-cost line (budget line) is determined by: LMC represents change in LTC (long-run total cost) due to producing an… Demand for a commodity is elastic when it has Consumers Surplus can also be defined as: The effect of consumer boycotts usually is: In 1890, Principles of Economics was written by: At high prices, demand is likely to be: