Suppose that capital costs $8 per unit and labour costs $4 per unit. For a profit-...

    

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Suppose that capital costs $8 per unit and labour costs $4 per unit. For a profit- maximizing firm operating at its optimal factor mix, if the marginal product of capital is 60, the marginal product of labour must be Question 34 Not yet answered Marked out of 0.50 Select one: P Flag question a. 30 b. 90 c. 20 d. 10 Suppose that capital costs $8 per unit and labour costs $4 per unit. For a profit- maximizing firm operating at its optimal factor mix, if the marginal product of capital is 60, the marginal product of labour must be Question 34 Not yet answered Marked out of 0.50 Select one: P Flag question a. 30 b. 90 c. 20 d. 10

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Given MP of capital60 Capital cost8 Labour c... View the full answer