Business, 20.12.2019 19:31 maloynegen7681
Suppose that the marginal product of labor (mpl) for a local brewery is 12 units per day and the price of labor (pl) is $2 per day. instructions: enter your answers as whole numbers. a. what does the least-cost rule say that the ratio of the marginal product of capital (mpc) to the price of capital (pc) should be? b. now suppose that the marginal product of labor (mpl) is 12 units per day, the price of labor (pl) is $2 per day, and the price of capital (pc) is $4 per day. what does the least-cost rule say that the marginal product of capital (mpc) should be?
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Suppose that the marginal product of labor (mpl) for a local brewery is 12 units per day and the pri...
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