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You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output.
You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. Ifw r MP and MP the firmA. is cost minimizi"B should use more L and less K to cost minimize.C should use less L and more K to cost minimize.D should use less of both L and K to cost minimize.E is profit maximizing but not cost minimizing.
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