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The following graph shows the firm's cost-minimizing input choice at current factor prices. The firm is currently employing 100 units of capital and 100 units

The following graph shows the firm's cost-minimizing input choice at current factor prices. The firm is currently employing 100 units of capital and 100 units of labor. The wage rate is $20, and the price per unit of capital is $10.

K 300 200 100 Qo 70 =$3,000 0 100 200 300 L 150

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