This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a firm is using 100 units of labour and 50 units of capital to produce 200 completed client ... (Read 64 times)

M1ch3a

  • Full Member
  • ***
  • Posts: 130
on: Oct 12, 2022
Suppose a firm is using 100 units of labour and 50 units of capital to produce 200 completed client tax returns per day. The price of labour is $5 per unit and the price of capital is $2 per unit. The MPL equals 5 and the MPK equals 2. In this situation, the firm
◦ should increase the use of both inputs.
◦ could lower its production costs by increasing labour input and decreasing capital input.
◦ is minimizing its costs.
◦ could lower its production costs by decreasing labour input and increasing capital input.
◦ should decrease the use of both inputs.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by M1ch3a on Oct 12, 2022

KeriJennin

  • Full Member
  • ***
  • Posts: 166
    • https://anestencreams.com
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


M1ch3a

  • Member
  • Posts: 130
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Furchgott's discovery that endothelial cells produce a vasodilating substance. Furchgott's discovery that endothelial cells produce a vasodilating substance.
A nurse shows empathy to a client. A nurse shows empathy to a client.
A completed CMS-1500 (02/12) claim for Procedure 15-5 A completed CMS-1500 (02/12) claim for Procedure 15-5
The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow
Measuring the client’s blood pressure Measuring the client’s blood pressure
Positioning of client Positioning of client
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library