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When output Y has a price equal to $25, the factor input cost isw X = $200, and the MP X = 8; the employment
When output Y has a price equal to $25, the factor input cost iswX = $200, and the MPX = 8; the employment offactor input X:
a. | is optimal. |
b. | should be expanded. |
c. | should be reduced. |
d. | none of the above. |
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