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11Alexandr11 [23.1K]
2 years ago
11

To maximize profits, firms produce an output where marginal product of labor per dollar equals the marginal product of capital p

er dollar. Assume that the cost of labor is $20 an hour and its marginal product is 40. What should the marginal product of capital be if we assume the cost of capital of $40 an hour?
Business
1 answer:
STALIN [3.7K]2 years ago
7 0

Answer:

$80

Explanation:

In this company, every dollar spent in labor has equal marginal product than every dollar spent in capital.

If we spent an additional $20 in labor and the marginal product output is $40, it is a 1:2 relationship (for every dollar spent in labor we get $2 of product output).

If the company spends $40 in capital, if it has the same marginal product output as labor (1:2 relationship), then its marginal product output will be $80.

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What is the purpose of jim lentz’s series of presentations to toyota employees in california?.
Serggg [28]
<h3>Answer</h3>

To address employees concerns and provide details about relocation.

<h3></h3>

Explanation

CEO Jim Lent addressed the employees at Toyota to their concerns and to inform them about the relocation that is planned at a board level and then it is to be implemented.

CEO of Toyota is therefore addressing the employees to provide them details about relocation and to address their concerns.

<h3>Conclusion</h3>

Jim Lent CEO of Toyota, addressed the employees to provide them details about relocation and to address their concerns.

Learn more about Business at brainly.com/question/26562433

6 0
2 years ago
MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $3,000; factory rent $6
s2008m [1.1K]

Answer:

Total cost= $204,750

Explanation:

Giving the following information:

Fixed costs: supervisor’s salary $3,000; factory rent $6,500

Mixed costs: utilities $3,500 + $10.25 per unit

Variable costs per unit:

manufacturing labor wages $30.00

supplies used in production $13.50

packaging cost $7.25

warranty cost $4

Required: Compute total costs to be incurred for a week with 2,950 units of activity.

Fixed costs= 3,000 + 6,500 + 3,500= $13,000

Variable costs= (10.25 + 30 + 13.5 + 7.25 + 4)*2,950= $191,750

Total cost= $204,750

4 0
2 years ago
Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to
mezya [45]

Answer:

E) incomplete market and product protocol.

Explanation:

Kimberly-Clark's Avert Virucidal failed in test marketing, because the researchers in charge of product development  failed to clearly define how it would satisfy consumers' wants and needs. The idea itself wasn't bad, but the concept testing was poorly done. During concept testing, the marketing researchers must determine if the consumers understand the product's idea or not, and obviously that didn't happen. The product does satisfy consumers' needs and if the marketing process was properly done, they would have probably accepted the product.

3 0
3 years ago
Read 2 more answers
If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny’s r
snow_lady [41]

Answer:

10%

Explanation:

Data provided in the question

Purchase value of the stock = $80

Number of years = 15

Times = 4

So, the return on owning this stock is

= Number of times^(1 ÷ number of years) - 1

= 4^(1÷15) - 1

= 4^0.0666666667  - 1

= 1.0968249797  - 1

= 0.0968249797

= 10% round off

All other things that are mentioned in the question is not relevant. Hence, ignored it

6 0
2 years ago
An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its
ivolga24 [154]

Answer:

D. its complements.

Explanation:

A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.

6 0
3 years ago
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