X and Y are factors of production. X's marginal product is 30 and Y's marginal product is 20. X=5 dollars for each unit, Y= 4 dollars for each unit. Since Y costs less than X, can the firm keep produce the same output at a  cheaper cost by using less of X and more of Y? Explain why or why not.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
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X and Y are factors of production.

X's marginal product is 30 and Y's marginal product is 20.

X=5 dollars for each unit, Y= 4 dollars for each unit.

Since Y costs less than X, can the firm keep produce the same output at a  cheaper cost by using less of X and more of Y? Explain why or why not.

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