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Author Question: Suppose capital costs $2000 per unit and labour costs $50 per unit. For a profit- maximizing firm ... (Read 36 times)

Scollins7

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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.


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Marked as best answer by Scollins7 on Oct 12, 2022

Kevin5!

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Scollins7

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Reply 2 on: Oct 12, 2022
Wow, this really help


Dinolord

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Reply 3 on: Yesterday
:D TYSM

 

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