Business, 26.06.2020 16:01 quavion61

You own a farm, you hire labor and capital to produce apples. The marginal product of the last unit of labor input is 15 and the marginal product of the last unit of capital input is 45. The market wage for labor is $8. If you are using the optimal combination of inputs, then the price of capital is

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You own a farm, you hire labor and capital to produce apples. The marginal product of the last unit...

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