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A firm is employing 25 workers ( units of capital ( r = $20/hour). At these levels, the marginal product of labor ( W

A firm is employing 25 workers ( units of capital ( r = $20/hour). At these levels, the marginal product of labor ( W = $10/hour) and 5 MP ) is 25 and the marginal product of capital ( MP R) is 30. Answer the following: a. Is this firm minimizing costs? b. If not, what changes should they make? C. How does the answer to (2) depend on the timeframe of analysis?

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