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 108 times)

lrhoads

  • Full Member
  • ***
  • Posts: 158
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 $10 per unit and the price of capital is $5 per unit. The MPL equals 2 and the MPK equals 5. In this situation,
◦ the firm should decrease the use of both inputs.
◦ the firm could lower its production costs by increasing labour input and decreasing capital input.
◦ the firm could lower its production costs by decreasing labour input and increasing capital input.
◦ the firm is minimizing its costs.
◦ the firm should increase 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 lrhoads on Oct 12, 2022

Tussalpain

  • Full Member
  • ***
  • Posts: 189
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


lrhoads

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Gracias!

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

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?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
An appointment schedule with a completed matrix. An appointment schedule with a completed matrix.
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Client positioned and draped Client positioned and draped
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library