Question
Suppose capital costs $36 per unit, and labour costs 20 per unit. For a profit-maximizing firm, if their marginal product of labour is 40, then
Suppose capital costs $36 per unit, and labour costs 20 per unit. For a profit-maximizing firm, if their marginal product of labour is 40, then their marginal product of capital must be:
(Answer to one decimal point)
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Business And Professional Ethics
Authors: Leonard J Brooks, Paul Dunn
9th Edition
0357441885, 9780357441886
