Business, 26.10.2020 16:40 erikloza12pdidtx

Suppose a firm is currently minimizing costs in the long run with marginal product of labor and marginal product of capital given by K and L, respectively. If the price of capital falls by 50%, the capital-to-labor ratio will: A. increase by 50%. B. double. C. decrease by 50%. D. increase fivefold.

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Suppose a firm is currently minimizing costs in the long run with marginal product of labor and marg...