Illustrate what would you recommend that the firm

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A firm combines two resources, X and Y, to produce an output level Q in a purely competitive market. The cost of a unit of X is $15 and the cost of a unit of Y is $8. The marginal product of X is 30 units and the marginal product of Y is currently 24 units at output level Q. Illustrate what would you recommend that the firm do given this resource combination?

Reference no: EM1344973

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