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Suppose Capital Costs $280 Per Unit and Labour Costs $16

Question 124

Multiple Choice

Suppose capital costs $280 per unit and labour costs $16 per unit.For a profit- maximizing firm operating at its optimal factor mix,if the marginal product of capital is 70,the marginal product of labour must be


A) 4.
B) 6.
C) 8.
D) 12.
E) 16.

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