Afirm is facing the following input prices wage rate
A firm is facing the following input prices: wage rate = $8/hour and price of capital = $16. At the current input mix MPL = 24 and MPK = 32. Should the firm change its input mix? Why?
Now Priced at $20 (50% Discount)
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a firm is facing the following input prices wage rate 8hour and price of capital 16 at the current input mix mpl 24
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