6) Given: MPL=5 MPK=6 w=PL=$3 r=PK=$2 If the firm is committed to producing a certain level of output Q at least cost, is the firm
6) Given: MPL=5 MPK=6 w=PL=$3 r=PK=$2 If the firm is committed to producing a certain level of output Q at least cost, is the firm in producer equilibrium and if not, what should it do? Illustrate on the diagram below. (5 marks) K
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