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

Author Question: The following table shows the marginal products of capital (K) and labour (L) for various methods ... (Read 68 times)

ddddddddddeeee4444

  • Full Member
  • ***
  • Posts: 157
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ddddddddddeeee4444 on Oct 12, 2022

romyclv

  • Full Member
  • ***
  • Posts: 158
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 29% of students answer this correctly


ddddddddddeeee4444

  • Member
  • Posts: 157
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Methods of Contraception Methods of Contraception
Sex Hormone Products Sex Hormone Products
Checklist for Choosing a Massage Table Checklist for Choosing a Massage Table
Absorption Methods in the Small Intestine Absorption Methods in the Small Intestine
Birth Control Methods and Abortion Birth Control Methods and Abortion
Bacterial growth methods Bacterial growth methods
Video: Types of energy transfer reactions: oxidation-reduction reactions and ATP generation reactions

For a complete list of videos, visit our video library