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Author Question: Suppose a firm is using 100 units of labour and 50 units of capital to produce 200 completed client ... (Read 123 times)

lrhoads

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on: Oct 12, 2022
Suppose a firm is using 100 units of labour and 50 units of capital to produce 200 completed client tax returns per day. The price of labour is $10 per unit and the price of capital is $5 per unit. The MPL equals 2 and the MPK equals 5. In this situation,
◦ the firm should decrease the use of both inputs.
◦ the firm could lower its production costs by increasing labour input and decreasing capital input.
◦ the firm could lower its production costs by decreasing labour input and increasing capital input.
◦ the firm is minimizing its costs.
◦ the firm should increase the use of both inputs.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lrhoads on Oct 12, 2022

Tussalpain

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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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lrhoads

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

Dinolord

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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