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MPK/PK > MPL/PL, means that a. labor is more expensive than capital b. the last dollar spent of capital generates more output than the last
MPK/PK > MPL/PL, means that a. labor is more expensive than capital b. the last dollar spent of capital generates more output than the last dollar spent on labor c. the average spending on capital generates more output than the averange spending on labor d. the last dollar spent of labor generates more output than the last dollar spent on capital e. one more dollar spent of labor generates more output than one more dollar spent on capital
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