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Given the hourly costs: Machine-P60; Worker-P50 Each input has to work in integer hour Marginal Product Hours Used Machine Worker I'H OOU'I ,_ O ,_
Given the hourly costs: Machine-P60; Worker-P50 Each input has to work in integer hour Marginal Product Hours Used Machine Worker I'H OOU'I ,_\\ O ,_\\ O I'H MU'I 00 M 43 l' = 21 _ _ If the daily budget for the 2 inputs is P570, what is the optimal mix of machine-hours and worker-hours, respectively? [ Select] v What is the total product for this optimal mix of machine- hr & worker-hr with daily budget of P570 ? [ Select] v After how many hours of use does diminishing marginal return (product) set in for the machine? [ Select] V
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