Suppose a firm finds that the marginal product of capital is 60 and the marginal

Suppose a firm finds that the marginal product of capital is 60 and the marginal

Question # 00086744 Posted By: echo7 Updated on: 07/30/2015 10:57 AM Due on: 08/29/2015
Subject Economics Topic General Economics Tutorials:
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Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the result?
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  1. echo7
    Tutorial # 00081278 Posted By: echo7 Posted on: 07/30/2015 10:57 AM
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