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Max employs both labor and capital to produce his trinkets. currently the last unit of labor employed has a marginal product of 15 units. the last unit of capital employed has a marginal product of 40 units. the price of labor is $3 per unit and the price of capital is $10 per unit. if max is going to find the least-cost combination of labor and capital, he needs to his employment of labor and his employment of capital.
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Max employs both labor and capital to produce his trinkets. currently the last unit of labor employe...
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