How do you use the cost minimization factor come up

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How do you use the cost minimization factor come up with $16 for the price of land for the below question: You run a small farm. You employ workers, you rent land and you rent capital in order to grow the produce. If marginal product per dollar of capital is $2, the marginal product of labor is $20, the price of labor $10, and the marginal product of land is $32.

Reference no: EM13986782

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