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Suppose the wage (w) is $20 and the price of coal (p) is $40 and a representative firm in the textile industry has two types

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Suppose the wage (w) is $20 and the price of coal (p) is $40 and a representative firm in the textile industry has two types of technologies available with a goal to produce one unit of cloth:

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Labour (L) Coal (R) Technology A 16 units 8 units Technology B 4 unit 24 units

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