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Business, 09.12.2019 23:31 alexisss23

Firm employs 100 workers and has 2 divisions, each in perfectly competitive markets. division a produces tape measures and division b produces saws. how should the firm allocate its workers to maximize efficiency?

allocate workers between the divisions so the average cost of producing tape measures equals the average cost of producing saws.

allocate workers to the division with the lowest marginal product of labor and divest from the other division.

allocate workers so the marginal product of labor is the same in both divisions.

iii only.

ii and iii only.

ii only.

i only.

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