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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
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6 years ago
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Satsume Author
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6 years ago
Thanks
derya1234
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kiara23247843
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2 hours ago
Thanks
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