subject
Business, 02.12.2019 23:31 lindalu

Consider a small landscaping company run by mr. viemeister. he is considering increasing his firm’s capacity. if he adds one more worker, the firm’s total monthly revenue will increase from $50,000 to $58,000. if he adds one more tractor, monthly revenue will increase from $50,000 to $62,000. each additional worker costs $4,000 per month, while an additional tractor would also cost $4,000 per month.
a. what is the marginal product of labor? the marginal product of capital?

mpl = $¬

mpk = $¬

b. what is the ratio of the marginal product of labor to the price of labor (mpl / pl )?

mpl / pl = ¬

what is the ratio of the marginal product of capital to the price of capital (mpk/ pk )?

mpk / pk = ¬

c. is the firm using the least-costly combination of inputs?
choose:
1. yes, because mpk/pk = mpl/pl.
-or-
2. no, because mpk/pk > mpl/pl.

d. does adding an additional worker or adding an additional tractor yield a larger increase in total revenue for each dollar spent?
choose:
1. revenue is increased more by spending money on an additional worker.
-or-
2. revenue is increased more by spending money on an additional tractor.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:30
The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:
Answers: 3
question
Business, 22.06.2019 05:00
One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)
Answers: 2
question
Business, 22.06.2019 22:00
Which of the following statements about nonverbal communication is most accurate? a. the meanings of some gestures can vary among cultures b. the way an e-mail, letter, memo, or report looks can have either a positive or a negative effect on a receiver c. the manner in which we structure and use time can reveal our personalities and attitudes d. all statements are accurate
Answers: 1
question
Business, 22.06.2019 22:40
Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply
Answers: 1
You know the right answer?
Consider a small landscaping company run by mr. viemeister. he is considering increasing his firm’s...
Questions
question
Arts, 04.12.2020 20:50
question
Mathematics, 04.12.2020 20:50
question
History, 04.12.2020 20:50
Questions on the website: 13722367