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If the MPP of labor is 60 and the price of labor per period is $20,t

Description

solution


Question

If the MPP of labor is 60 and the price of labor per period is $20,the MPP of machinery is 75 and the price of the machinery per period is $25, in order to achieve optimal input poportions the firm should use;a) more labor with the same amount of machinery;b) the current combination;c) more machinery and less labor;d) more labor and less machinery

 

Paper#27156 | Written in 18-Jul-2015

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