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Firm to a new cost-minimizing equilibrium

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Reference no: EM132587653

Assume a firm produces 500 units of a good by using two inputs, capital and labor, whose per unit prices are $10 and $4. Assume also that the marginal physical product of the last unit of capital is 30 and the marginal physical product of the last unit of labor is 10. What will change to move the firm to a new cost-minimizing equilibrium?

Reference no: EM132587653

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