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Using the table from the previous question, which method is economically efficient if the hourly wage is $10 and the cost of capital is $20?

Using the table from the previous question, which method is economically efficient if the hourly wage is $10 and the cost of capital is $20? (Make sure you show your calculations)

Method

Labor (workers)

Capital (units)

1

12

6

2

10

8

3

6

10

4

6

12

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