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nrod1120 nrod1120
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A year ago
Suppose capital costs $50 per unit and labour costs $20 per unit. If the marginal product of capital is 100 and the marginal product of labour is 30, a 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
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nursethomasnursethomas
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A year ago
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nrod1120 Author
wrote...

A year ago
Brilliant ツ
veronee_madison
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Yesterday
Good timing, thanks!
acaruso
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2 hours ago
Smart ... Thanks!
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