{"id":697,"date":"2017-11-01T10:48:16","date_gmt":"2017-11-01T04:48:16","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/if-a-firms-production-function-is-leontief-and-the-price-of-capital-goes-down-the\/"},"modified":"2017-11-01T10:48:16","modified_gmt":"2017-11-01T04:48:16","slug":"if-a-firms-production-function-is-leontief-and-the-price-of-capital-goes-down-the","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/if-a-firms-production-function-is-leontief-and-the-price-of-capital-goes-down-the\/","title":{"rendered":"If a firm’s production function is Leontief and the price of capital goes down the"},"content":{"rendered":"","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[60],"subject":[5],"class_list":["post-697","mcq","type-mcq","status-publish","hentry","topic-production-process-and-costs","subject-managerial-economics"],"mcq_note":"If a firm's production function is Leontief and the price of capital goes down the\u00a0\u00a0cost minimizing combination of capital and labor does not change.","mcq_options":[{"right":"no","answer":"Firm must use less labor in order to minimize the cost of producing a given level of output"},{"right":"no","answer":"Firm must use more capital in order to minimize the cost of producing a given level of output"},{"right":"no","answer":"Firm must use less capital in order to minimize the cost of producing a given level of output"},{"right":"yes","answer":" Cost minimizing combination of capital and labor does not change"}],"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\/697","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=697"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=697"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=697"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}