Mr Edward's farm employs two factors of input (labour and capital) to produce and its aim is to maximize profit.

a) Assume that Mr Edward is not employing a cost-minimizing combination of labour and capital, the MPL is 9 and the MPK is 3, wage rate is N$3 and the rental rate of capital is N$0.50. In your opinion, do you think it is sensible for Mr Edward to hire more labour and less of capital? Elaborate your answer.