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Suppose That a Sneaker Company Produces Output Using Capital and Labor.Capital

Question 80

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:

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