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Author Question: The following table shows the marginal products of capital (K) and labour (L) for various methods ... (Read 21 times)

jany123

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on: Oct 12, 2022
The following table shows the marginal products of capital (K) and labour (L) for various methods for Firm ABC to produce 1000 toys per day.

Production MethodMPKMPL
A504
B458
C4012
D3516
E3020
F2524
G2028

TABLE 8-2

Refer to Table 8-2. Suppose the firm is employing production method G. How should this firm adjust its use of capital and labour in order to minimize costs?
◦ employ more capital and less labour
◦ employ less capital and more labour
◦ employ less capital and labour
◦ employ more capital and labour
◦ There is insufficient information to know.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jany123 on Oct 12, 2022

kuttz

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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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jany123

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
Excellent

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