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Vitek1552 [10]
4 years ago
10

Write down the firm’s profit maximizing problem. Be sure to identify the variables the firm can choose and which it takes as giv

en. What should the firm facing the following scenarios do?
(a) If the marginal product of capital is greater than the rental price of capital.
(b) If the marginal product of labor is less than the wage.
Business
1 answer:
Zanzabum4 years ago
5 0

Answer: marginal Product on Capital

Explanation: A. The company should reduce the amount of capital that its spends on its rentals.

B.The value of the output produced by an additional unit of labor will be less than the cost of employing the additional unit and total profits will fall.

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attashe74 [19]

Answer:

$76.670

Explanation:

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Mark each statement if it correctly describes facts about China during the Sui dynasty.
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4 years ago
The graphs show the market for bags of potato chips, which is currently at an equilibrium price of
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Explanation:

4 0
3 years ago
Which of the following best describes operating income? Multiple Choice It includes the results of discontinued operations. It i
adelina 88 [10]

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It is before operating expenses.

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8 0
3 years ago
Landmark Corp. buys $500,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are
zzz [600]

Answer:

Dr Cash                          $500,000

Cr Long-term investment                      $500,000

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In order to determine the journal entry to pass when the bond matures,it would appropriate to first of all understand the entries posted  when the bond was purchased,which is that cash was credited and long term investment account was debited.

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3 0
3 years ago
Read 2 more answers
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