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First answer as if the firm had no budget constraint or limit. What combination of resources can a firm consume for the least cost? What

First answer as if the firm had no budget constraint or limit. What combination of resources can a firm consume for the least cost? What combination of resources will provide a firm with the most profit? Can a firm use a combination of resources that is both least-cost and profit maximizing? Now answer based upon a budget of $48 to employ both labor and capital.

What combination of resources can a firm consume for the least cost?

What combination of resources will provide a firm with the most profit?

c. Can a firm use a combination of rseources that is both least-cost and profit maximizing?

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