“Assignment 2: Labor and CapitalHow does a firm determine its prices and the quantity of labor required in the resource market during a specific period? How does a firm determine its demand for capital funds during a specific period?What is the ideal relationship between knowledge of costs and knowledge of revenues for a firm? In your response, explain and justify your conclusions and provide examples to support such conclusions. They should be clear and to the point answers, no more than one pageThanks”
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