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Satsume Satsume
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6 years ago
Refer to Scenario 7.3.  Suppose that the price of labor is $5 and the price of capital is $20.  Your firm desires to produce 200 units of output.  How much labor will be hired to minimize the costs of producing 200 units of output?
A) 25
B) 50
C) 100
D) 200
E) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
Posts: 455
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6 years ago
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Satsume Author
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6 years ago
this is exactly what I needed
ethom947
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Yesterday
Smart ... Thanks!
hpascoe
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2 hours ago
Thanks
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