1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pashok25 [27]
2 years ago
7

Suppose that a paving company produces paved parking spaces​ (q) using a fixed quantity of land​ (T) and variable quantities of

cement​ (C) and labor​ (L). The firm is currently paving​ 1,000 parking spaces. The​ firm's cost of cement is ​$4 comma 200.004,200.00 per acre covered​ (c) and its cost of labor is ​$12.0012.00​/hour ​(w). For the quantities of C and L that the firm has​ chosen, MP Subscript Upper C Baseline equals 70MPC=70 and MP Subscript Upper L Baseline equals 4MPL=4
Social Studies
1 answer:
Vesna [10]2 years ago
3 0

Answer:

Cost minimization occurs when Marginal Product of Cement / Price of Cement = Marginal Product of Labor / Price of Labor.

Costs are minimized when the marginal product per dollar spent on all inputs is the same.

a.) Using the equation above, 50 / $4000 = 4 / $12

0.0125 = .333333 which is NOT equal. Therefore, the firm is not minimizing its cost of producing parking spaces. This is because the marginal products per dollar spent on inputs is not the same.

b.) Since the firm is not cost-minimizing, the firm must either choose quantities of C and L that make the marginal products per dollar equal. This can be done several ways, but for a concrete example, the firm can choose a quantity of C that will increase the MPC to $1,333.33. Then MPC / Price of C = 1,333.33 / $4,000 = 0.3333333 which would be equal to MPL / Price of L.

You can also decrease the MPL to meet 0.15. Then MPL / Price of L = 0.15 / $12 = 0.0125 which would be equal to MPC / Price of C.

Explanation:

You might be interested in
What exchange took place between the Indians and the Pilgims​
USPshnik [31]

Answer: There was the Thanksgiving meal and then there was also the The Pilgrim-Wampanoag peace treaty. I hope one of these two answers work for you.

Explanation:

4 0
2 years ago
What were some effects of the Black Death, on Europe? (please be detailed)
jonny [76]
One of the effects of the black death on Europe was social and economic Upheavals. 

The Black that killed almost 60 % Person of total population in Europe. After the incidents, a lot of Lands became free and provide the survivors with a lot of opportunities which increased the prosperity for those who managed to survive
8 0
3 years ago
Identify and describe the four main types of financial assets.
sergejj [24]

Answer:

Modern economies have four main types of financial assets: bank deposits, stocks, bonds, and loans. Your Welcome!

7 0
3 years ago
Trey, a late-developing teenage boy, is quickly gaining muscle mass. He is exhibiting aggressive behavior and mood swings. An in
aniked [119]

Answer: Anabolic steroid usage

Explanation:

Anabolic steroids is the medical component that is used for certain medical cases and also for some illegal purpose. Usually sports-related people use this steroid for boosting their muscle power, body strength,and performance in sports field and work out.It is composed of male hormone testosterone.This can have side effects like sudden mood swings, disorder, anxiety, anger and related physical changes such as pimples, acne, etc

According to the question, Trey might be using anabolic steroid for increasing  his muscles and strength for development.he is experiencing sudden growth of muscle along with acne, high blood pressure , mood swings and other such symptoms.

6 0
3 years ago
For 50 points! Can anyone help writing a poem explaining the 3rd amendment
Alchen [17]

These are really bad, but they are something. (the sonnet one is really bad and incomplete)


Haiku:

Without my consent

No soldiers in here

Thanks amendment three


Limerick:

I wont find a solder in my house

Even if he's as quite as a mouse

I will not let him on my tenement

All thanks to the third amendment


Sonnet: (sort of)

James Madison wrote the amendment three.

To quarter soldiers with permission of thee. 

But with my consent I will allow it

The pains of war I can't heal I admit

Thanks to James and the amendment of three

3 0
3 years ago
Other questions:
  • Why did the United States gain Texas?
    6·2 answers
  • Why are scientific calculators called scientific calculators?
    15·1 answer
  • Primary data a. come from firsthand experience and observation. b. are the only type of factual information that should be inclu
    11·1 answer
  • In response to his sons request, Dad says, No, you cant go to your friends house. Youve been a lazy slug all day! Youve been rud
    10·1 answer
  • If you have a Florida Learners Driver License, you can legally operate any two or three wheel vehicle on Florida road, street, o
    15·2 answers
  • What was Thomas Jefferson referring to when he said, “This is tax on the willing.”
    12·2 answers
  • The land that was given by the king to a noble was called a ____ .<br><br> 1 manor<br><br> 2 fief
    7·2 answers
  • 7.What is the great gift of science?<br>8.Which route is the oldest route in the world?<br><br>​
    7·1 answer
  • What did the other reindeer not let rudolph do because of his shiny red nose?
    12·1 answer
  • Women commit ________ Women commit ________ a far larger share of crimes than men. a far smaller share of crimes than men. the s
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!