Aunt works for a defense manufacturing company

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Q1. Benny employs people to sell candy bars at intersections. The marginal product of the last worker Benny hired is 20 candy bars per hour. Benny pays $7 per worker per hour also sells the candy bars for $1 each. If the price of candy bars rises to $2.00, then the:

Q2. f the MPP of labor is 60 also the price of labor per period is $20, the MPP of machinery is 75 also the price of the machinery per period is $25, in order to achieve optimal input proportions the firm should utilize

Q3. You find out which your aunt works for a defense manufacturing company which has several defense contracts with the government. She tells you which she works for a team which is producing a communications satellite.

Reference no: EM1315094

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