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Home Q & A Board Other Fields Homework Help Business Economics
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itpf04 itpf04
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A year ago
Suppose capital costs $6 per unit and labour costs $3 per unit. If the marginal product of capital is 12 and the marginal product of labour is 6, the cost-minimizing firm should

▸ employ more of both capital and labour.

▸ employ less of both capital and labour.

▸ employ more capital and less labour.

▸ employ less capital and more labour.

▸ not change its current factor use.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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fs125fs125
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A year ago
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itpf04 Author
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A year ago
Smart ... Thanks!
ezsancheezy
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Yesterday
Brilliant ツ
AlahuKakpar
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2 hours ago
Just got PERFECT on my quiz
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