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Business, 19.09.2019 17:10 andreamartinez7876

With current technology, suppose a firm is producing 800 loaves of banana bread daily. also assume that the least-cost combination of resources in producing those loaves is 6 units of labor, 5 units of land, 4 units of capital, and 2 units of entrepreneurial ability, selling at prices of $40, $60, $60, and $20, respectively. assume the firm can sell these 800 loaves at $1 per unit.

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