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Discuss the relationships between total cost, output, and the price of labor and capital. Provide examples that illustrate how the prices of inputs affect managerial decisions. Consider, in particular, the current market for fuel and its implication for corporate profits.
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This assignment is made in word and is based on the calculation of outputs and cost of the firm which in turn depends on the cost of inputs .The work is original and there is no plagiarism.
Now using the information on input prices also MR, Illustrate what is the optimal input combination.
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