Business, 14.04.2020 21:27 sweeps8758

Suppose that the marginal product of the last worker employed by a firm is 100 units of output per day and the daily wage that the firm must pay is $20, while the marginal product of the last machine rented by the firm is 100 unites per day and the daily rental price of the machine is $40. Why is this firm not maximizing output or minimizing costs in the long run

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Suppose that the marginal product of the last worker employed by a firm is 100 units of output per d...