subject
Business, 15.07.2020 03:01 danielboek

The manager of a national retailing outlet recently hired an economist to estimate the firm’s production function. Based on the economist’s report, the manager now knows that the firm’s production function is given below and that capital is fixed at 16 units. a. Calculate the average product of labor when 25 units of labor are utilized. b. Calculate the marginal product of labor when 25 units of labor are utilized. c. Suppose the firm can hire labor at a wage of $50 per unit and output can be sold at a price of $200 per unit. Determine the profit-maximizing levels of labor and output. d. What is the maximum price of capital at which the firm will still make nonnegative profits

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 16:30
ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?
Answers: 1
question
Business, 22.06.2019 01:30
Someone knows the answer i need in the exam
Answers: 2
question
Business, 22.06.2019 09:00
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
question
Business, 22.06.2019 12:20
In terms of precent, beer has more alcohol than whiskey true or false
Answers: 1
You know the right answer?
The manager of a national retailing outlet recently hired an economist to estimate the firm’s produc...
Questions
question
Mathematics, 10.12.2019 09:31
Questions on the website: 13722359