Pits a production manager: your job depends on your ability to minimize the cost of production. You hire a consulting firm: and its report suggests that you haye plenty to worry about: the cost of capital {R} is SEED per hour, the wage [W} paid to your workers is $8 per hour. the marginal product of capital [It-Flat} is 1D units per hour. and the marginal product of labor {.twiPL} is 15 units per hour. 1. A rm operating under these conditions IS .-' IS NOT minimizing its cost. 2. The consulting firm will recommend you use LESS .I' MORE labor and l'lill'FtE:r LESS capital to minimize costs