Business, 10.04.2020 03:18, justijust500
A)The ABC corporation employs labor and rents capital. The wage rate is $50 per day and the rental rate is $25 per day. Currently, the marginal product of the last worker employed is 300 units of output per day and the marginal product of capital is 200 units of output per day. Is the firm using the optimal combination of workers and machines?
B) If not, what should the firm do to maximize output or minimize costs?
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 05:30, 2023greenlanden
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 22.06.2019 10:50, iaminu50
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
Answers: 3
Business, 22.06.2019 11:50, adrianmelchor146
The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000
Answers: 3
Do you know the correct answer?
A)The ABC corporation employs labor and rents capital. The wage rate is $50 per day and the rental r...
Questions in other subjects:
Mathematics, 06.12.2020 03:10
Mathematics, 06.12.2020 03:10
Mathematics, 06.12.2020 03:10
History, 06.12.2020 03:10
