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mewdie mewdie
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5 years ago
If the marginal physical product (MPP) of the last dollar spent on labor is only half as large as the MPP from the last dollar spent on capital, this firm should
A) increase its use of labor and employ less capital.
B) employ more capital.
C) increase its use of both labor and capital.
D) maintain its current factor utilization pattern.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Lawson1981Lawson1981
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5 years ago
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mewdie Author
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5 years ago
Mind blown, I've bookmarked this site on told my friends
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Really appreciate that
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