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What are the firm costs for five input combinations

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Reference no: EM132152023

A firm's production function is X = 6LK. Name five input combinations that would allow the firm to produce 180 units of output. In each case, what is the firm's capital-labor ratio? If the wage rate is $15 per unit and the rental rate on capital is $25 per unit, what are the firm's costs for each of five input combinations?

Reference no: EM132152023

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