Multiple Choice
Suppose capital costs $2000 per unit and labour costs $50 per unit.For a profit- maximizing firm operating at its optimal factor mix,if the marginal product of labour is 10,the marginal product of capital must be
A) 40.
B) 50.
C) 100.
D) 400.
E) 500.
Correct Answer:
Verified
Correct Answer:
Verified
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