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How could he produce the same red house at a lower cost

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James Hendrix decided to build a Red House over yonder. He is currently using 2 acres of land and 5 cords of wood. Land costs $12,000 per acre and wood costs $360 per cord. At his current level of production, the MPL= 150 and the MPW= 12

How could he produce the same Red House at a lower cost?

Reference no: EM132456617

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