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6. A firm produces at an output level where the marginal product of labor (MPL) is 50 units and the marginal product of capital (MPK)

6. A firm produces at an output level where the marginal product of labor (MPL) is 50 units and the marginal product of capital (MPK) is 100 units. Suppose that the wage rate (PL) is $25 and the rental price of capital (PK) is $40. a. Is this firm maximizing profit? b. What should the firm do if it is not allocating its budget efficiently

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