=+ Under proposal B, at the output produced the MPP would be 20 for land, 35 for

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=+ Under proposal B, at the output produced the MPP would be 20 for land, 35 for labor, and 96 for capital. Under proposal C, the MPP would be 40 for land, 56 for labor, and 36 for capital. Inputs' cost per hour is $5 for land, $7 for labor, and $6 for capital.

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Economics

ISBN: 9780071214476

5th Edition

Authors: David Colander

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