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Title: Suppose capital costs $10 per unit and labour costs $4 per unit. If the marginal product of capital ... Post by: rasnulx on Oct 3, 2022 Suppose capital costs $10 per unit and labour costs $4 per unit. If the marginal product of capital is 50 and the marginal product of labour is 50, the firm should ________ in order to minimize its costs of producing its output.
▸ not change its current factor use ▸ employ less capital and more labour ▸ employ less capital and labour ▸ employ more capital and less labour ▸ employ more capital and labour Title: Suppose capital costs $10 per unit and labour costs $4 per unit. If the marginal product of capital ... Post by: Dark_Shadow on Oct 3, 2022 Content hidden
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