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Author Question: The following table shows the marginal products of capital (K) and labour (L) for various methods ... (Read 87 times)

ddddddddddeeee4444

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on: Oct 12, 2022
The following table shows the marginal products of capital (K) and labour (L) for various methods for Firm ABC to produce 1000 toys per day.

Production MethodMPKMPL
A504
B458
C4012
D3516
E3020
F2524
G2028

TABLE 8-2

Refer to Table 8-2. Suppose capital costs $6 per unit and labour costs $4 per unit and the firm is employing production method A. How should this firm adjust its use of capital and labour to minimize costs?
◦ employ less capital and more labour
◦ employ more capital and more labour
◦ employ less capital and less labour
◦ employ more capital and less labour
◦ There is insufficient information to know.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ddddddddddeeee4444 on Oct 12, 2022

romyclv

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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.
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ddddddddddeeee4444

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

daiying98

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Reply 3 on: Yesterday
Excellent

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