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Employment strategy for maximizing firm profit

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Assume that an appliance manufacturer is employing variable factors X and Y in such amounts that the MRPs of the last units of X and Y employed are $100 and $60 respectively. Factor X can be hired at $50 per unit and factor Y at $20 per unit. If you are the manager of the firm, what is your proper employment strategy for maximizing your firm's profit?

Reference no: EM132246711

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