Customer Service Chat
Get quote & make Payment
Marginal output, economics, Microeconomics
If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $28 per machine, are these two outputs being used at the least cost combination and what should be done if they are not?
Posted Date: 3/20/2012 8:49:19 AM | Location : United States
Ask an Expert
Marginal output, economics, Assignment Help, Ask Question on Marginal output, economics, Get Answer, Expert's Help, Marginal output, economics Discussions
Write discussion on Marginal output, economics
Your posts are moderated
Write your message here..
H.W. help, Suppose the price of printing paper for digital cameras has rece...
Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a result,
Theory of production, when total production fall what,s the status of avera...
when total production fall what,s the status of average product and marginal product
Explain about the optimal consumption rule, Explain about the optimal consu...
Explain about the optimal consumption rule. The optimal consumption rule: While a consumer maximizes utility, the marginal utility per dollar spent should be similar for all
Intermediate microeconomics, For each of following production functions, co...
For each of following production functions, comment on the ability to substitute capital for labor. Note that Q, K, and L denote output, capital, and labor respectively. A: B
Nash equilibrium, Define Nash equilibrium
Define Nash equilibrium
Shortage, Shor tage A condition under that the quantity demanded fo...
Shor tage A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price
How monetary and fiscal policies can be used to alleviate, Explain how mone...
Explain how monetary and fiscal policies can be used to alleviate (= lessen) dissimilar types of inflation. Define monetary and fiscal policies and show how these policies mig
Bains limittheory, bains limit theory
bains limit theory
What is affected variable and cause variable, What is affected variable and...
What is affected variable and cause variable? In a graph, one variable is dependant and the other is independent. The dependant variable is known as effect variable and indepe
Short-run and long run profits questions, Suppose you own a home remodeling...
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you ex
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.