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. Suppose afirm is hiring labour and capital and that the ratio of marginal products of the two inputs is greater than the ratio of input prices. Does this imply that the firm is maximizing profit? Why or why not? 4. Explain how the slope of the labour supply curve affects the fraction of employers payroll-tax costs actually passed on to employees in the form of lower wages.
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ua input Putts it intlin that tha finm ㅆ Poducing a particular Output at a minimu poib Cos nal Y PK pul monimaing fnr bris to be api at ke mininu poxibe lost to use thicptimal Cornhinahon 덮 luban and tafitar by uating the ratio does mot ·Ampl that the firm n maam ainucl by wing an oa ainaion i labrus and Capital, but that Pattu lao Avel oulput mou abour that khere thu vabu oǐmatornol producho, Labour, ot Cagilal a Laberur Lu) lage kab Copito du, we Can toneluok tha meu tqualby of the natio that the fom is manimi i6Please Kindly help with Thumbs up for this answer. If any doubts feel free to query. Thank you

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. Suppose afirm is hiring labour and capital and that the ratio of marginal products of...
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