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    least cost

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    If the price of capital is $24, the price of labor is $15, and the marginal product of capital is 16, the least costly combination of capital and labor requires that the marginal product of labor be ________.

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    https://brainmass.com/economics/macroeconomics/marginal-product-labor-example-problem-128023

    Solution Summary

    Marginal product of labor is assessed.

    $2.19