Author Question: Suppose capital costs $2000 per unit and labour costs $50 per unit. For a profit- maximizing firm ... (Read 24 times)

Scollins7 · **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.

Kevin5! · **Reply #1 on:** Oct 12, 2022

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