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leejr1983 leejr1983
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3 years ago
If a firm fired one worker and lost 12 units of production and decides to add one more unit of capital, then to remain on the same isoquant what must be TRUE?

▸ The MPK of the next unit of capital added equals 12.

▸ The firm must force the other workers to work more.

▸ The firm will experience a decline in output.

▸ The marginal rate of technical substitution is greater than 12.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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Alia n.Alia n.
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leejr1983 Author
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