If a firm is producing where mpxwxnbspgt mpywy where x and


If a firm is producing where MPx/Wx > MPy/Wy, where x and y are the two inputs to theproduction process, what can the firm do to reduce costs but maintain the same output? Explainyour answer both intuitively and graphically.

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Business Economics: If a firm is producing where mpxwxnbspgt mpywy where x and
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