Question: 1.a) If factor X costs twice as much as factor Y (Px/Py = 2), what can be said about the relationship between the marginal products

1.a) If factor X costs twice as much as factor Y (Px/Py = 2), what can be said about the relationship between the marginal products of the two factors if the optimum combination of factors is used?

b) Why are Christmas trees and fresh foods often sold cheaply on Christmas Eve? Use a diagram to explain.

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