The marginal product of labor in the production of computer chips is 100 chips per hour. The marginal rate of technical substitution â( MRTS â) of hours of labor for hours of machine capital is 0.40. What is the marginal product ofâ capital?

Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 10 percent, and that the maximum allowable payback and discounted payback statistics for the project are three and a half and four and a half years, respectively. use the irr decision to evaluate this project; should it be accepted or rejected