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Question 2 A rm is successfullyr cost-minimizing while producing their desired output level. Each piece of capth cosis $1i} to rent by the hour and
Question 2 A rm is successfullyr cost-minimizing while producing their desired output level. Each piece of capth cosis $1i} to rent by the hour and each worker is paid $12 per hour. The rm's M FL is equal to 60, and MPK is equal to . Your answer should include only.f numbers. Round to the nearest integer, if necessary. A new minimum wage lawr is passed, requiring workers to be paid $15 per hour. Assume there is no change to the rental cost of capital. To continue minimizing their cost, the rm should switch to a new production method that uses workers and ':| pieces of capital. For both blanks, choose from: more, fewer, the same number of. Make sure you are typing in your answer exactly as provided in the answer options
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