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a manufacturer of toys is employing fifty workers and using fifteen pieces of equipment to assemble toys. currently, the marginal product of labor is $5 and the marginal product of capital is $25. assuming the market prices for labor and capital are $12 and $20 respectively, answer the following: a) is this firm maximizing its profit? b) what should this firm do with respect to its employees and its use of equipment?
Sagot :
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