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5. You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given

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5. You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w=$40,r=$100,MPL=20, and MPK=40 : a) the firm is cost minimizing. b) the firm is not cost minimizing. c) firm is earning a profit d) firm is incurring a loss

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