answer pls help me A profit-maximizing firm equates the marginal rate of technical substitution of two inputsto:the ratio of marginal products of the inputs and the ratio of the costs of these inputs.O the marginal cost ratio of the good being produced.O All of the choicesNone of the choicesthe price ratio of the good being produced.O the ratio of the inputs cost that satisfies the ratio of highest marginal products of the inputs.O the ratio of marginal products of the inputs►

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A profit-maximizing firm equates the marginal rate of technical substitution of two inputs to: the ratio of marginal products of the inputs and the ratio of the costs of these inputs. the marginal cost ratio of the good being produced. All of the choices None of the choices the price ratio of the good being produced. the ratio of the inputs cost that satisfies the ratio of highest marginal products of the inputs. O the ratio of marginal products of the inputs

A profit-maximizing firm equates the marginal rate of technical substitution of two inputs to: the ratio of marginal products of the inputs and the ratio of the costs of these inputs. the marginal cost ratio of the good being produced. All of the choices None of the choices the price ratio of the good being produced. the ratio of the inputs cost that satisfies the ratio of highest marginal products of the inputs. O the ratio of marginal products of the inputs

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 6SCQ: A firms marginal cost curve above the average variable cost curve is equal to the films individual...

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A firms marginal cost curve above the average variable cost curve is equal to the films individual supply curve. This means that every time a firm receives a price from the market it will be willing to supply the amount of output where the price equals marginal cost. What happens to the films individual supply curve if marginal costs increase?
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