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1..With the table answer the table that follows: 1.If the price of capital is $20 and the price of labor is $10, which combination of

1..With the table answer the table that follows:

1.If the price of capital is $20 and the price of labor is $10, which combination of capital and labor would satisfy the input hiring rule that minimizes the cost of production?

Quantity of Labor| MP of Labor Quantity of Capital |MP of Capital 40 50 2 45 2 40 3 35 3 35 4 20 4 15 5 5 5 5

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