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(Figure: Capital and Labor XVI) the Cost-Minimizing Combination of Capital

Question 32

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(Figure: Capital and Labor XVI) The cost-minimizing combination of capital and labor to produce 10 units of output is _____ and _____, respectively, given prices of $10 and $50, respectively. What is the total cost? (Figure: Capital and Labor XVI) The cost-minimizing combination of capital and labor to produce 10 units of output is _____ and _____, respectively, given prices of $10 and $50, respectively. What is the total cost?

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