A firm determines that it can hire one more worker at a wage of $80 per day, and its MRP would increase by $100 for the day. The firm also determines that it can rent one more piece of capital equipment

A firm determines that it can hire one more worker at a wage of $80 per day, and its MRP would increase by $100 for the day. The firm also determines that it can rent one more piece of capital equipment at a cost of $200 per day, and its MRP would increase by $250 for the day. In order to maximize profit, the firm should__________.

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A firm determines that it can hire one more worker at a wage of $80 per day, and its MRP would increase by $100 for the day. The firm also determines that it can rent one more p…

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