{"id":695,"date":"2017-11-01T10:52:29","date_gmt":"2017-11-01T04:52:29","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/which-of-the-following-conditions-is-true-when-a-producer-minimizes-the-cost-of-producing-a-given-level-of-output\/"},"modified":"2017-11-01T10:52:29","modified_gmt":"2017-11-01T04:52:29","slug":"which-of-the-following-conditions-is-true-when-a-producer-minimizes-the-cost-of-producing-a-given-level-of-output","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/which-of-the-following-conditions-is-true-when-a-producer-minimizes-the-cost-of-producing-a-given-level-of-output\/","title":{"rendered":"Which of the following conditions is true when a producer minimizes the cost of producing a given level of output?"},"content":{"rendered":"","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[60],"subject":[5],"class_list":["post-695","mcq","type-mcq","status-publish","hentry","topic-production-process-and-costs","subject-managerial-economics"],"mcq_note":"Which of the following conditions is true when a producer minimizes the cost of producing a given level of output?Answer:The marginal product per dollar spent on all inputs is equal.","mcq_options":[{"right":"yes","answer":"The marginal product per dollar spent on all inputs is equal"},{"right":"no","answer":"The MRTS is equal to the ratio of the quantity of inputs"},{"right":"no","answer":"The marginal products of all inputs are equal"},{"right":"no","answer":"The marginal product per dollar spent on all inputs is equal and the MRTS is equal to the ratio of the quantity of inputs"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":60,"title":"The Production Process and Costs","slug":"production-process-and-costs"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=695"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=695"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=695"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}