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

Author Question: Suppose capital costs $2000 per unit and labour costs $50 per unit. For a profit- maximizing firm ... (Read 33 times)

Scollins7

  • Full Member
  • ***
  • Posts: 142
on: Oct 12, 2022

Question 1

Suppose capital costs $8 per unit and labour costs $4 per unit. For a profit- maximizing firm operating at its optimal factor mix, if the marginal product of capital is 60, the marginal product of labour must be
◦ 20.
◦ 120.
◦ 10.
◦ 90.
◦ 30.

Question 2

Suppose capital costs $2000 per unit and labour costs $50 per unit. For a profit- maximizing firm operating at its optimal factor mix, if the marginal product of labour is 10, the marginal product of capital must be
◦ 400.
◦ 500.
◦ 100.
◦ 50.
◦ 40.
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 Scollins7 on Oct 12, 2022

Kevin5!

  • Full Member
  • ***
  • Posts: 188
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


Scollins7

  • Member
  • Posts: 142
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

The three stages of labour. The three stages of labour.
The basic unit of life - cell The basic unit of life - cell
Controlled cold compression unit. Controlled cold compression unit.
Who Gets Executed? Gender Bias in Capital Punishment Who Gets Executed? Gender Bias in Capital Punishment
How to calculate fuel costs How to calculate fuel costs
Natural Capital versus GDP per Capita Natural Capital versus GDP per Capita
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library