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Consider the following information in the table for Chloe's Restaurant and answer the questions below by using the cost minimization rule that takes into account

Consider the following information in the table for Chloe's Restaurant and answer the questions below by using the cost minimization rule that takes into account the marginal product per dollar of inputs of production.

Item

Cost

Marginal Product of Capital

10,000

Marginal Product of Labor

500

Wage Rate

$15

Rental Price of Pizza Ovens

$600

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