subject
Business, 13.07.2021 23:50 jshehehdh

Suppose that the price of labor is $7 for a firm, while the price of capital for a firm is $10. Also suppose that the Marginal Product of Labor is 20, while the Marginal Product of Capital is 30. What is the best advice for this profit-maximizing firm?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 04:00, brucewayne8499
Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.
Answers: 2
image
Business, 23.06.2019 02:00, Trumpman137
In his speech on varying explanations of how the earth came into existence, eduardo begins with opinions, moves to inferences, and uses scientific facts in support of his last point. what principle of supporting material organization is eduardo utilizing in his speech?
Answers: 3
image
Business, 23.06.2019 05:30, alani64
When conducting a swot analysis, information about turnover, profit margins, and staff quality can be used to identify:
Answers: 2
image
Business, 23.06.2019 06:00, superfly903
What can be concluded from the data about the reliability and validity of the thermometers
Answers: 2
You know the right answer?
Suppose that the price of labor is $7 for a firm, while the price of capital for a firm is $10. Also...

Questions in other subjects:

Konu
Chemistry, 17.07.2019 16:30
Konu
Health, 17.07.2019 16:30