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emmasim [6.3K]
3 years ago
7

5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital

is 1,000, the wage rate is $20 and the rental rate of capital is $100. In this case, the firm should: a. employ more capital and more labor. b. employ less labor and less capital. c. employ less labor and more capital. d. employ less capital and more labor. e. not change its allocation of capital and labor
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
7 0

Answer:

D.

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.

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a_sh-v [17]

Answer:

Acknowledge his/her understanding of criminal sanctions for unauthorized use 20

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In order to comply with DAVID Memorandum of Understanding requirements, a user must acknowledge understanding of criminal sanctions for unauthorized use 20.

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8 0
3 years ago
When david exaggerated his experience on his resume do you think he believed he would be caught? What effect did this belief hav
stellarik [79]

If David exaggerated he probably didnt think he would get caught. This makes him dishonest, nothing an employer wants to see.

5 0
3 years ago
Digital Fruit is financed solely by common stock and has outstanding 40 million shares with a market price of $20 a share. It no
Marina CMI [18]

Answer:

Digital Fruit

The expected market price of the common stock after the announcement is:

$20 per share.

Explanation:

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3 0
2 years ago
Suppose an early freeze affects the market for oranges. The equilibrium quantity in this market will not change after the change
BlackZzzverrR [31]

Answer:

2) perfectly vertical

Explanation:

When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.

In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.  

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3 years ago
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MAXImum [283]
1/a - 1/b -1
Just remove the parentheses
6 0
3 years ago
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