$\frac{150}{150}$ Total points awarded

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Suppose the marginal product of labor is $8$ and the marginal product of capital is $2.$ If the wage rate is $$4$ and the price of capital is $$2,$ then in order to minimize costs the firm should use

$8$

arded

Multiple Choice

more capital and less labor.

more labor and less capital.

three times more capital than labor

one half as much labor as capital