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1. Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the

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1. 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 rm should use a. More capital and less labor . More labor and less capital 0. Three times more capital than labor d. None of the statements associated with this question are correct

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