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0.5:; Suppose the marginal product of labor is L and the marginal product of capital 0.5a is K , where q is the quantity produced
0.5:; Suppose the marginal product of labor is L and the marginal product of capital 0.5a is K , where q is the quantity produced using L units of labor and K units of capital. In the long run, the firm will hire equal amounts of capital and labor 0 when the wage equals the rental rate for capital. 0 when the wage is half of the rental rate for capital. 0 all the time. Q at no point
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