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Suppose you decide to start a business printing T-shirts. The table below summarizes the number of machines you will need to print T-shirts for a
Suppose you decide to start a business printing T-shirts. The table below summarizes the number of machines you will need to print T-shirts for a given level of output as well as the marginal product of each additional machine. Assume the equilibrium price of T-shirts is $8. Calculate the value of the marginal product of capital (VMPK) for your T-shirt business (Enter your responses as integers.) Output Marginal por Day Machines Number of Product VMPK 0 60 135 0 1 60 75 2 3 217 200 358 4 82 73 68 5 If the rental price of capital is 5584 per machine, you will employ
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