subject
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?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:30
Someone knows the answer i need in the exam
Answers: 2
question
Business, 22.06.2019 18:50
Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?
Answers: 2
question
Business, 22.06.2019 19:20
The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.
Answers: 2
question
Business, 22.06.2019 19:50
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
You know the right answer?
A)The ABC corporation employs labor and rents capital. The wage rate is $50 per day and the rental r...
Questions
question
English, 21.12.2019 01:31
question
Mathematics, 21.12.2019 01:31
Questions on the website: 13722362