Business, 24.12.2020 16:00 felisha1234

Suppose a firm is using 1500 units of labour and 20 units of capital to produce 100 tonnes of mineral ore. The price of labour is $20 per unit and the price of capital is $1000 per unit. The MPL equals 25 and the MPC equals 750. In this situation,

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Suppose a firm is using 1500 units of labour and 20 units of capital to produce 100 tonnes of minera...