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with respect to labour demand choice in long run With respect to the labour demand choice in the long run, which of the following statements

with respect to labour demand choice in long run

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With respect to the labour demand choice in the long run, which of the following statements is false? MPPL = marginal physical product of labour, MPPk = marginal physical product of capital, w = wage, and r = rate of return on capital Multiple Choice O MPPL/MPPK = w/r. O W = VMPL and r = VMPK- O VMPL/VMPK = w/r. C The equilibrium is situated at the point of tangency between the highest isoquant and the isocost curve

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