Multiple Choice
Suppose that a sneaker company produces output using capital and labor.Capital costs $50 per unit and labor costs $5 per unit.If the firm is minimizing the costs of production when the marginal product of capital is 100 units, the marginal product of labor is:
A) 5 units.
B) 10 units.
C) 50 units.
D) 100 units.
E) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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