Can firm improve the profits by adjusting the labor

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Question 1: The firm estimates that currently, its marginal product of labor is 40, while the marginal product of capital is 160. The firm pays $40 in the rental price of capital and $10 in wage. Can this firm improve its profits by adjusting its labor and capital combination while holding the overall costs of production constant?and if yes how

Reference no: EM132559099

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