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Author Question: A profit-maximizing firm will increase its use of capital and decrease its use of labour when the (Read 62 times)

majortom123

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on: Oct 12, 2022
A profit-maximizing firm will increase its use of capital and decrease its use of labour when the
◦ total product of capital is higher than the total product of labour.
◦ marginal product of capital, per dollar spent on capital, is less than the marginal product of labour, per dollar spent on labour.
◦ marginal product of capital is higher than the marginal product of labour.
◦ marginal product of capital, per dollar spent on capital, is greater than the marginal product of labour, per dollar spent on labour.
◦ average product of capital is higher than the average product of labour.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by majortom123 on Oct 12, 2022

jbsuccess1

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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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majortom123

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ricroger

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

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