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28 Sep 2019
if marginal product of capital is 4000, and the marginal product of labour is 100 if the wage rate is $10 and the rental price of over is $500, costs do not appear to be minimized. what and how much of labour and ovens should be adjusted to minimize cost.
if marginal product of capital is 4000, and the marginal product of labour is 100 if the wage rate is $10 and the rental price of over is $500, costs do not appear to be minimized. what and how much of labour and ovens should be adjusted to minimize cost.
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Nusrat FatimaLv10
28 Sep 2019
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Related questions
Is the owner of Pat's Pizza Restaurant minimizing costs? Explain using the data in the table.
Marginal Product of Capital |
4,000 |
Marginal Produce of Labor |
100 |
Wage Rate |
$10 |
Rental Price of Pizza Ovens |
$500 |