Question: Use the table to answer the question that follows. Quantity of Labor MP of Labor Quantity of Capital MP of Capital 1 30 1 50

Use the table to answer the question that follows.

Quantity of Labor MP of Labor Quantity of Capital MP of Capital
1 30 1 50
2 25 2 40
3 20 3 35
4 15 4 15
5 10 5 5

What combination of labor and capital would satisfy the input hiring rule that minimizes the cost of production, if the price of labor is $10 and the price of capital is $20?

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