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I need help with the following: Explain the rule a firm uses to determine the appropriate combination of capital and labor resources to use in
I need help with the following:
- Explain the rule a firm uses to determine the appropriate combination of capital and labor resources to use in order to maximize profits. How is this different from the firm's least- cost combination of resources?
- Explain the difference between the three types of mergers. Which types of mergers are the Department of Justice most likely to oppose? Why?
- How does a company decide how much to pay an employee and how many employees to hire? What are the two factors internal to the firm that would increase how much a company would pay an employee?
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