Economics
JAMB 1990
A firm achieves least-cost in production by substituting factors until?
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A.
their prices are equal
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B.
the ratio of their marginal -physical-products equals the ratio of their prices
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C.
their marginal -physical-products are each equal to their factor prices
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D.
their marginal -physical-products are each equal to zero
Correct Answer: Option B
Explanation
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