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rasnulx rasnulx
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2 years ago
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
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Microeconomics

Microeconomics


Edition: 17th
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Dark_ShadowDark_Shadow
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2 years ago
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rasnulx Author
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2 years ago
You make an excellent tutor!
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Helped a lot
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Thank you, thank you, thank you!
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