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Author Question: Suppose a firm is employing labour (L) and capital (K) such thatMPK/MPL=PK/PL. If the price of ... (Read 72 times)

dusk108

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on: Oct 12, 2022
Suppose a firm is employing labour (L) and capital (K) such that MPK/MPL = PK/PL. If the price of labour rises, the cost-minimizing firm should then
◦ employ more capital and less labour because MPK/MPL < PK/PL.
◦ employ more capital and less labour because MPK/MPL > PK/PL.
◦ employ more labour and less capital because MPK/MPL < PK/PL.
◦ employ more labour and less capital because MPK/MPL > PK/PL.
◦ do nothing.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dusk108 on Oct 12, 2022

marufp

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dusk108

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Reply 2 on: Oct 12, 2022
Wow, this really help

billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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