Business, 07.05.2020 06:08, cassiuspricerules

You own a company that produces pens. The marginal product of the last unit of labor input is 25 and the marginal product of the last unit of capital input is 75. The market wage is $10, if your company is using the optimal combination of inputs, then the price of capital is Select one: a. $250 b. $30 c. $187.5 d. $750

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You own a company that produces pens. The marginal product of the last unit of labor input is 25 and...