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roduction and Cost in the Long Ran 3. In the accompanying figure. labor costs 5100 per unit The mana wants to 2,500 units of output. Answer the following questions: Fer 50 60 a. point A the MRTS is (less than, greater than, equal to) the input price ratio ww. The total cost of producing 2.500 units with input combination A is S- The price of capital is s per unit, By moving from A to B, the manager (decreases, increases) labor usap and increases) capital usage, The move from A to B decreases but leaves unchanged. At B, MRTS is than, greater than, equal te) the input price ratio wir. The total cost of produdng e. At point c, the manager the producing 2,500 cost of d. output. MRTsis (less than, greater than, equal to the input ratio asr The optimal input price units pital. The combination is units of labor and minimum total cost for which 2,500 units can be produced is e input combination E costs s Explain why does choose input E the manager not 4 Suppose a firm


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