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If the firm chooses its labor and capital combination optimally (i.e., to minimize its production costs), will the marginal product of labor be higher than,
If the firm chooses its labor and capital combination optimally (i.e., to minimize its production costs), will the marginal product of labor be higher than, lower than, or equal to the marginal product of capital? Why? Assume that the prices of labor and capital are those given in part b. (2 points)
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