How to calculate the marginal product of labor

Assignment Help Econometrics

Reference no: EM13210064

some company uses capital and labor to produce gizmos. the marginal product of capital is 600, and the marginal rate of technical substitution of labor for capital is 1/4. Calculate the marginal product of labor.

Reference no: EM13210064

Questions Cloud

Would equilibrium market price increase or decrease : identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinants of supply in Equation. In each instance, would equilibrium market price increas..

Explain a synthesis of 4-carboxymethyl-nitrobenzoic acid : Design a synthesis of 4-(carboxymethyl)-nitrobenzoic acid starting with benzene and any other necessary reagents

Create a change - counting game : create a change - counting game that gets the user to enter the number of coins required to make exactly one dollar. the program should let the user enter the number of pennies,nickels,dimes, and quarters.

Design a step by step algorithm : Design a step by step algorithm, keeping in mind the limitations of assembly language, to determine the physical address of the 3rd byte of the data segment variable LIST in the following code example.

How to calculate the marginal product of labor : some company uses capital and labor to produce gizmos. the marginal product of capital is 600, and the marginal rate of technical substitution of labor for capital is 1/4. Calculate the marginal product of labor.

Explain performing a legendre transformation of a : Show how one could obtain G(T,P,Ni) by performing a Legendre transformation of A(T,V, Ni) and make use G=A+PV to identify the partial derivative

Write a program that uses a two-dimensional array : Write a program that uses a two-dimensional array of characters to hold the five student names, a single-dimensional array of five characters to hold the five students' letter grade, and five singe-dimensional arrays of four doubles to hold each s..

What can we predict about future inflation : What is the Consumer Expenditure Survey (CE) How has the Survey behaved since the year 2000 What have been the causes of these changes In your response, include a graph of the CE for this period and cite your source.

Create application that lets user select two primary colors : when the user clicks mix button,the form's background should change to the color that you get when you mix the two selected primary colors. note: i want the solution in visual c# not in c++ plz

User Account

All Pages