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Which costs are most relevant for managerial decisions about the quantity of goods and services produced? O Marginal O Fixed O Sunk O Variable Question
Which costs are most relevant for managerial decisions about the quantity of goods and services produced? O Marginal O Fixed O Sunk O Variable Question 2 1 pts Suppose the marginal product of labor is 20 and the marginal product of capital is 30. If the wage rate is $10/hr and the price of capital is $11/hr, then in order to minimize costs the firm should O use more capital and less labor O use more labor and less capital O keep capital and labor usage the same O use only capital as much as possible
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