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Title: If the marginal product of labor is 45 units of output and the marginal product of capital is 56 ... Post by: Frost on Feb 26, 2019 If the marginal product of labor is 45 units of output and the marginal product of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $28 per machine, are these two inputs being used in the least-cost combination and what should be done if they are not?
Title: If the marginal product of labor is 45 units of output and the marginal product of capital is 56 ... Post by: BobbyD on Feb 26, 2019 Content hidden
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