Hiring additional labor would yield an extra

Assignment Help Business Economics

Reference no: EM131095569

Based on data provided - an extra (marginal) $1,000 per month spent hiring additional labor would yield an extra (marginal) 5 apps per month in output. And an additional $1,000 spent on capital would yield an extra 8 apps per month in output. Answer the following: If the company wants to maximize its profits, it should: a. Increase labor while decreasing capital. b. Decrease labor while increasing capital. c. Keep the current amounts of capital and labor just as they are. d. None of the above.

Reference no: EM131095569

Questions Cloud

Discuss effects of own enculturation or group identification : Explain your answers to the "believing" questions about the three (3) premises opposing your position from the Procon.org website. Examine at least two (2) types of biases that you likely experienced as you evaluated the premises for and against ..

Listed to provide survival rate : Treatment X is listed to provide a survival rate of 75% It is also determined that no intervention by itself provides a survival rate of 5% What can we conclude?

University of phoenix material : Draft an introduction for your essay based on the best practices you studied this week. Your introductory paragraph should be 5 to 7 sentences. Remember:

How will this item be entered in the balance of payments : If an Italian investor sells U.S. government securities to a U.S. buyer, how will this item be entered in the balance of payments?

Hiring additional labor would yield an extra : Based on data provided - an extra (marginal) $1,000 per month spent hiring additional labor would yield an extra (marginal) 5 apps per month in output. And an additional $1,000 spent on capital would yield an extra 8 apps per month in output.

Crackdown on web browsing privacy : The crackdown on Web browsing privacy is resulting in a tense situation between advertisers and the public. In addition to restricting third-party cookies, several Web browsers now provide functionality to limit tracking by online advertisers.

Competitive good-network good and reverse good : An experiment by Duncan J. Watts, a sociologist at Columbia University, showed that when consumers knew that many other people had downloaded a particular song, more consumers wanted to download that song as well. If this is true, this suggests the m..

Explore the way in which the inclusion of the momentum : Explore the way in which the inclusion of the momentum constant α influences the learning process, with particular reference to the number of steps required for convergence versus α.

Why lif and csi are solibile in water : Why LiF and CsI are solibile in water but LiI and CsF are less solibility in water.

User Account

All Pages