Business, 15.11.2019 19:31 nakiyapulley7466

To maximize profits, firms produce an output where marginal product of labor per dollar equals the marginal product of capital per dollar. assume that the cost of labor is $20 an hour and its marginal product is 40. what should the marginal product of capital be if we assume the cost of capital of $40 an hour?

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To maximize profits, firms produce an output where marginal product of labor per dollar equals the m...