What combination of labor and capital would satisfy

Reference no: EM133440394

Quantity of Labor	MP of Labor	Quantity of Capital	MP of Capital
1	30	1	50
2	25	2	40
3	20	3	35
4	15	4	15
5	10	5	5

Question: What combination of labor and capital would satisfy the input hiring rule that minimizes the cost of production, if the price of labor is $10 and the price of capital is $20?

Reference no: EM133440394

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