Answered

IDNLearn.com is designed to help you find accurate answers with ease. Get prompt and accurate answers to your questions from our community of knowledgeable experts.

How to calculate minimization of cost when given the marginal revenue

Sagot :

25dbrutskyidn

Answer: Cost is minimized at the levels of capital and labor such that the marginal product of labor divided by the wage (w) is equal to the marginal product of capital divided by the rental price of capital (r)

Step-by-step explanation:

We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is dedicated to providing accurate answers. Thank you for visiting, and see you next time for more solutions.