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Consider Meera's ice-cream shop with: Marginal Product of Capital: 6000 scoops/ice-cream maker Marginal Product of Labour: 4000 scoops/worker Wage rate: $400/week Rental rate of ice-cream

Consider Meera's ice-cream shop with:

Marginal Product of Capital: 6000 scoops/ice-cream maker

Marginal Product of Labour: 4000 scoops/worker

Wage rate: $400/week

Rental rate of ice-cream maker $500/week

Is Meera's ice-cream shop in producer's equilibrium? What is the condition you used to

make this decision? Is she minimizing costs? If the shop is not in producer's equilibrium,

what must Meera do to minimize costs and reach producer's equilibrium

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