Business, 06.07.2021 23:40 wbrandi118
Production processes and cost theory
You are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $5, r = $11, MPL = 40, and MPK = 60.2
a. Please indicate whether your firm is employing the optimal mix of labor and capital.
b. Considering your answer in part a, if you concluded that your firm is not using the optimal mix of labor and capital, what must your firm do in order to employ the proper mix of labor and capital?
Answers: 3
Another question on Business
Business, 21.06.2019 14:30
Aconsumer values a house at $525,000 and a producer values the same house at $485,000. if the transaction is completed at $510,000, what level of tax rate will result in unconsummated transaction?
Answers: 2
Business, 22.06.2019 11:50
Which of the following does not offer an opportunity for timely content? evergreen content news alerts content that suits seasonal consumption patterns content that matches a situational trigger content that addresses urgent pain points
Answers: 2
Business, 22.06.2019 20:20
Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?
Answers: 3
Business, 23.06.2019 01:30
True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.
Answers: 1
You know the right answer?
Production processes and cost theory
You are an efficiency expert hired by a manufacturing firm tha...
Questions
Geography, 21.01.2022 20:10
Mathematics, 21.01.2022 20:10
Mathematics, 21.01.2022 20:10
French, 21.01.2022 20:10
Social Studies, 21.01.2022 20:10
Mathematics, 21.01.2022 20:20
Mathematics, 21.01.2022 20:20
Mathematics, 21.01.2022 20:20
Mathematics, 21.01.2022 20:20
Mathematics, 21.01.2022 20:20
Mathematics, 21.01.2022 20:20
Mathematics, 21.01.2022 20:20
