subject

Business, 21.02.2020 01:30 funnyadriany4

Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s capacity. If he adds one more worker, the firm’s total monthly revenue will increase from $50,000 to $58,000. If he adds one more tractor, monthly revenue will increase from $50,000 to $62,000. Additional workers each cost $4000 per month, while an additional tractor would also cost $4000 per month.

a. What is the marginal product of labor? The marginal product of capital?

MPL = $¬

MPK = $¬

b. What is the ratio of the marginal product of labor to the price of labor (MPL / PL )?

MPL / PL = ¬

What is the ratio of the marginal product of capital to the price of capital (MPK/ PK )?

MPK / PK = ¬

c. Is the firm using the least-costly combination of inputs?
Choose:
1. Yes, because MPK/PK = MPL/PL.
-or-
2. No, because MPK/PK > MPL/PL.

d. Does adding an additional worker or adding an additional tractor yield a larger increase in total revenue for each dollar spent?
Choose:
1. Revenue is increased more by spending money on an additional worker.
-or-
2. Revenue is increased more by spending money on an additional tractor.

ansver

Answers: 1

Show answers

Another question on Business

question

Business, 22.06.2019 09:00

Aminor has the legal right to repudiate

Answers: 2

question

Business, 22.06.2019 09:30

Which are the best examples of costs that should be considered when creating a project budget?

Answers: 2

question

Business, 22.06.2019 12:50

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options

Answers: 3

question

Business, 23.06.2019 09:30

Determine the fundamental ways in which the ncaa's ethics program failed to prevent the scandals at penn state, ohio state, and the university of alaska. support your response with one (1) example from each of these schools' scandals. examine the principal ways in which the leadership of the ncaa contributed to the ethical violations of penn state, ohio state, and the university of alaska. support your response with one (1) example from each of these schools' scandals.

Answers: 2

You know the right answer?

Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s...

Questions

question

Physics, 18.07.2019 20:10

How far away must a proton be to produce the same size force on the electron (same size as the gravitational force meg. )? your answer should show wh...

question

Business, 18.07.2019 20:10

Creative persons: tend to benefit from training. tend to be more judging and less perceiving than other individuals. tend to be less extraverted than...

question

Physics, 18.07.2019 20:10

Compute the steady-state response of a spring-mass-damper system with the following values: c = 200 kg/s, k = 2000 n/m , m =100 kg , subject to a har...

question

Physics, 18.07.2019 20:10

Choose three of these seven listening selections above and compare their compositional techniques. why do they sound so different from each other and...

question

Biology, 18.07.2019 20:10

Analysis of the genome of a newly discovered bacterial strain reveals that it is composed of a double-stranded dna molecule containing 16% thymine. ba...

question

History, 18.07.2019 20:10

What steps are part of doing a cost benefit analysis...

question

Physics, 18.07.2019 20:10

Two samples of an ideal gas are initially at the same temperature and pressure. they are each compressed reversibly from a volume v to volume v/2, one...

question

Physics, 18.07.2019 20:10

An object moves in simple harmonic motion described by the equation d equals one fifth sine 2 t where t is measured in seconds and d in inches. find t...

question

Physics, 18.07.2019 20:10

Four long parallel wires each carry 2.0 a in the same direction. they are parallel to the z-axis, and they pass through the corners of a square of sid...

question

Mathematics, 18.07.2019 20:10

a parabola can be represented by the equation x2 = 2y. what are the coordinates of the focus and the equation of the directrix? foc...

question

Chemistry, 18.07.2019 20:10

Why do the atoms in a piece of copper metal have no net charge?...

question

Mathematics, 18.07.2019 20:10

Which statement about converting metric units of measurement is true? use the metric table to answer the question. kilo 1,000 hect...

question

Mathematics, 18.07.2019 20:10

Asix sided die is rolled twice. what is the probability that the first number that comes up is greater than or equal to the second number?...

question

English, 18.07.2019 20:10

"the elephant man: " what is most likely the author's intent in having ross repeat the phrase "tuppence only, step in and see" in the passage be...

question

Mathematics, 18.07.2019 20:10

Can someone me with this 1 question worth 50 points!

question

Health, 18.07.2019 20:10

City police and firefighters respond to a flooding event. they are first on the scene and manage the situation until other resources arrive.

question

Mathematics, 18.07.2019 20:10

Of the 16 cards drawn from a standard deck of 52 cards, 5 of the cards are spades. based on the cards that were drawn, the experimental probability of...

question

English, 18.07.2019 20:10

Take on the role of a teacher who is students understand macbeth. choose one scene from the play and create 12 to 18 annotations, or explanator...

question

Biology, 18.07.2019 20:10

Initiation of transcription only occurs when all factors are aligned along the promoter correctly....

question

Mathematics, 18.07.2019 20:10

If a diameter intersects a chord of a circle at a perpendicular, what conclusion can be made? the diameter and the chord are congruent. the dia...

More questions: Business Another questions

Questions on the website: 13722363