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What can it do to improve its situation

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Reference no: EM132134301

1) A firm's marginal rate of technical substitution at M P L/M P = 3, and the ratio of prices of labor and capital ,w/r, is 4.

a) Is the firm minimizing its cost? Why or Why not?

b) What can it do to improve its situation?

Reference no: EM132134301

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