At the point of producers equilibrium
A. $$\frac{{{\text{M}}{{\text{P}}_{\text{L}}}}}{{{{\text{P}}_{\text{L}}}}} = \frac{{{\text{M}}{{\text{P}}_{\text{K}}}}}{{{{\text{P}}_{\text{K}}}}}$$
B. The MRTSLK equals $$\frac{{{\text{PL}}}}{{{\text{PK}}}}$$
C. The Iso-quant is tangent to the Iso-cost
D. All of the above
Answer: Option D
This Question Belongs to Management >> Managerial Economics
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