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At current levels of capital and labor for a firm, the cost of capital is $15 per hour, the wage paid to employees is $30 per hour, the marginal product of capital is 30 units per hour, and the marginal product of labor is 40 units per hour. Should firm change up its ratio of capital labor?
Answers: 3
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Will mark brainliest a brief overview of your company's strengths, weaknesses, opportunities, and threats is called a branding strategy. financial evaluation. paranoid scenario. situational analysis.
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At current levels of capital and labor for a firm, the cost of capital is $15 per hour, the wage pai...
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