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Business, 02.03.2020 22:59 yqui8767

Suppose capital and labor are perfect substitutes in a long-run production process. If labor costs $15 per hour and the rental rate of capital is $20 per hour, what can we say about the profit maximizing choice of labor and capital inputs?

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Suppose capital and labor are perfect substitutes in a long-run production process. If labor costs $...
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