Q. To minimize cost of production at any level of output themonopsonist should continue to substitute labour and capital until (Solved)

1. mel . mpl = mek . mpk

2. mel / mpl = mek / mpk

3. mel . mpl > mek . mpk

4. mel / mpl > mek / mpk

  • b. mel / mpl = mek / mpk
Subscribe Now

Get All Updates & News