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Firms will subsitute capital for labour: a up to the point where their marginal products are equal. b . whenever possible. c . up to
Firms will subsitute capital for labour:
a up to the point where their marginal products are equal.
b whenever possible.
c up to the point where the marginal products per dollar spent
on each are equal.
d up to the point where the cost of labour is equal to the cost of
capital.
e up to the point of diminishing returns.
The question was not answered. The
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