Business, 19.10.2019 01:10 mshields1994

Suppose that the production of wheat requires two inputs, labor and fertilizer. the price of labor is $4.50 and the price of fertilizer is $3.00. a farmer is currently employing the inputs such that the marginal product of labor is 11 and the marginal product of fertilizer is 8. if the farmer is a cost-minimizer, he should:

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Suppose that the production of wheat requires two inputs, labor and fertilizer. the price of labor i...