Suppose that a paving company produces paved parking spaces (a) using a fued quantity of land (T) and variable quanttes of cement (C) and labor () The finn a currently paving 1,00 par firm's cost of cement is $30 00 per acre covered (c) and its cost of labor is $10 00hour (w) For the quantbes of Cand Lthat the fim has chosen, MP.00 and MP 4. Is ths firm miniming its cost of produong parking spaces? OA No snce w does not equale OB Yos snce MPeXc equals MP xw OC. No since MP. does not equal MP MP does not equl MP OD. Ne Does the firm reed to ater ts dhoces of Cand L to decrease cou OA Yes, they need to inorease Lwhich would couse MP to decrease and MP to inoease, OR Ye, they need to increase Lwhich would cause MP, loinrease and MP o dedae OC Ws they need to rease Cwhch would cause MP to norease and MP. to decrease Oo Y they ned to increase Cwhich would cse MP to decraead MP,orase

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