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Optimal Combination of Resources Optimal Combination of Resources

Optimal Combination of Resources - PowerPoint Presentation

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Uploaded On 2018-03-06

Optimal Combination of Resources - PPT Presentation

When operating in the Longrun a firm can change its capital and its labor Every firm has to decide what combination of laborL and capitalK they should employ The LeastCost Combination of Resources ID: 640449

firm combination resources resource combination firm resource resources cost competitive capital perfectly labor unit price marginal condition maximizing profits profit equal mrc

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