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 46 times)

camac77

  • Full Member
  • ***
  • Posts: 139
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. If capital costs $6 per unit and labour costs $4 per unit, which production method minimizes the cost of producing 1000 toys per day?
◦ method B
◦ method F
◦ method E
◦ method D
◦ method C
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 camac77 on Oct 12, 2022

viper01

  • Full Member
  • ***
  • Posts: 160
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


camac77

  • Member
  • Posts: 139
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Disinfection Methods Disinfection Methods
How to create a frequency table and histogram from raw data How to create a frequency table and histogram from raw data
Birth Control Methods and Abortion Birth Control Methods and Abortion
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
Table showing comparing between Parental Plants vs. Offspring Table showing comparing between Parental Plants vs. Offspring
GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products GeneChip (Affymetrix, Inc.) after hybridization to p53 PCR products
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library