Business, 13.07.2019 05:20 xoudoyditaous85alja

Suppose a firm uses labor and capital to produce output. the last unit of labor hired has a marginal product of 12 units of output, and the last unit of capital employed has a marginal product of 20 units. use the optimal combination of inputs rule to calculate the price of capital if the price of labor is $6 per unit. the price of capital is

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Suppose a firm uses labor and capital to produce output. the last unit of labor hired has a marginal...