{"id":798,"date":"2017-10-29T18:39:57","date_gmt":"2017-10-29T12:39:57","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/you-are-an-efficiency-expert-hired-by-a-mpk-40-the-firm\/"},"modified":"2017-10-29T18:39:57","modified_gmt":"2017-10-29T12:39:57","slug":"you-are-an-efficiency-expert-hired-by-a-mpk-40-the-firm","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/you-are-an-efficiency-expert-hired-by-a-mpk-40-the-firm\/","title":{"rendered":"You are an efficiency expert hired by a&#8230;..MPK = 40 the firm:"},"content":{"rendered":"<p>You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $40, r = $100, MPL = 20, and MPK = 40 the firm:<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[60],"subject":[5],"class_list":["post-798","mcq","type-mcq","status-publish","hentry","topic-production-process-and-costs","subject-managerial-economics"],"mcq_note":"You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $40, r = $100, MPL = 20, and MPK = 40 the firm should use more L and less K to cost minimize.","mcq_options":[{"right":"no","answer":"Is cost minimizing"},{"right":"no","answer":"Should use less L and more K to cost minimize"},{"right":"yes","answer":"Should use more L and less K to cost minimize"},{"right":"no","answer":"Is profit maximizing but not cost minimizing"}],"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\/798","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=798"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=798"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=798"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}