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Use the table to answer the question that follows. Quantity of Labor MP of Labor Quantity of Capital MP of Capital 1 3O 1 50

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Use the table to answer the question that follows. Quantity of Labor MP of Labor Quantity of Capital MP of Capital 1 3O 1 50 2 25 2 40 3 20 3 35 4 15 4 1 5 5 1O 5 5 What combination of labor and capital would satisfy the input hiring rule that minimizes the cost of production, if the price of labor is $10 and the price of capital is $20? (3 points)

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