Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 14 - The Demand for Resources - Discussion Questions - Page 328: 6

Answer

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Work Step by Step

The bank is trying to create the balance between labor and capital that will make them the most money. After all, labor costs money as well, so it is necessary to balance labor and capital to spend the least overall money possible.
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