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Part 3 - More Practice- Assume that your rm also hires labor and capital to produce brake pads. The price of labor is $10 per

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Part 3 - More Practice- Assume that your rm also hires labor and capital to produce brake pads. The price of labor is $10 per unit and the price of capital is $20 per unit. The tabie to the right shows different marginal products for the last unit of labor and and the test unit of capitai. For each situation, identify if your rm should hire more (1), less (L), or the same (-) amount of labor and capital. Marginal Product Marginal More, Less More. Less or Same

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