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Business, 09.04.2020 16:48 pcastaneda03
Suppose that at a firm's current level of production the marginal product of capital is equal to 10 units, while the marginal rate of technical substitution between capital and labor is 2. Given this, we know the marginal product of labor must be:
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Suppose that at a firm's current level of production the marginal product of capital is equal to 10...
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