What must the marginal product of capital be
Problem 1: Suppose that the price of labor is $10 per unit and the price of capital is $20 per unit.
Problem 2: Assuming the firm is minimizing its cost, if the marginal product of labor is 50, what must the marginal product of capital be?
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Assuming the firm is minimizing its cost, if the marginal product of labor is 50, what must the marginal product of capital be?
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