Answer to Question #88209 in Microeconomics for Hassan Muqarab

Question #88209
If a firm uses only capital and labour, show why the cost minimising the combination of inputs sets:
1
Expert's answer
2019-04-19T10:40:36-0400

If a firm uses only capital and labour, then the cost minimising the combination of inputs sets is:

MPL/PL = MPK/PK, where MPL and MPK are marginal products of labour and capital, PL and PK are prices of labour and capital.


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