User Account

All Pages

What is the marginal product of capital

Assignment Help Business Management
Reference no: EM131368159

The marginal product of labor is 5 units of output per hour and the wage is $10. Capital can be rented at $8 per hours. At the optimal input combination, what is the marginal product of capital? If capital is cheaper per hour, why not only use capital?

Reference no: EM131368159

Questions Cloud

Key to the success of entry-deterrence : Why is uncertainty a key to the success of entry-deterrence?
Face entry by new competitors : "How a firm behaves toward existing competitors is a major determinant of whether it will face entry by new competitors." Explain.
Pricing strategies of incumbent firms : 1. Researchers have found that industries with high entry rates tended to also have high exit rates. Can you explain this finding? What does this imply for pricing strategies of incumbent firms?
Identify a common task that might occur regularly : Identify a common task that might occur regularly. The task should be one that might occur in a business setting rather than one in someone's personal life.
What is the marginal product of capital : The marginal product of labor is 5 units of output per hour and the wage is $10. Capital can be rented at $8 per hours. At the optimal input combination, what is the marginal product of capital? If capital is cheaper per hour, why not only use ca..
Fuji enters the camera market : Kodak is a monopolist in the camera market with a demand curve P=12-Qk and MC=AC=2. What is the optimal price, quantity, and profit? What might happen if Fuji enters the camera market?
Probability of heads or tails : Your friend offers you a gamble to toss a coin with equal probability of heads or tails. If heads, you get $150. If tails, you lose $20. Your utility function for income Y is U(Y)=Y^1/3.
What is the dorfman-steiner rule : What is the Dorfman-Steiner rule for optimal advertising expenditures? What factors might increase the optimal advertising expenditure by a firm?
Examine the major advantages of cloud computing : Examine the major advantages and disadvantages of cloud computing for the two selected organizations. Recommend whether or not each of the selected companies should use cloud computing.

Reviews

Write a Review

Business Management Questions & Answers

  Possibilities inherent in net marketplaces

what are some of the anti-competitive possibilities inherent in net marketplaces?

  Compute the dollar value of the impact

Finally, assume that the market demand and supply schedules are linear and that the market reservation wage, the lowest wage at which any worker in the market would be willing to work, is $1. Compute the dollar value of the impact of the policy on..

  Explain concepts of altruism

Show the concepts of altruism and egoism in terms of motives and benefits. Is it possible for businesses to be altruistic? Why or why not?

  What is the break even unit volume for the first year

What is the contribution per unit for the new children's yogurt product?- What is the break-even unit volume for the first year that will cover the planned advertising and promotion?

  Describe bias in decision making

most of that ‘discrimination' is due to mental errors we make in trying to manage more tough conceptual tasks than we are capable of handling. Describe bias in decision making

  Performance management plan

Throughout this unit, we discussed the importance of the performance management process and the steps involved. For this assignment, you will create your own performance management plan that includes answers to the following questions:

  How do you prepare for employee resistance

Watch the video from Karl McDonnell, CEO of Strayer University, titled "How do you determine when Organizational Change is necessary, and how do you prepare for employee resistance?" Explain what causes conflict in the workplace and propose how ma..

  Knowledge of the sources and contingencies of power

Use your knowledge of the sources and contingencies of power to explain why the MLB baseball players' association had more power in negotiations by walking out in September rather than March.

  Support the purpose of fire inspections

Diamantes describes seven key components that support the purpose of fire inspections. Select one of the seven, and provide a real-world example that explains why the component you selected is vital to fire safety.

  Why an airline customer might be dissatisfied

Draw a fish-bone chart detailing reasons why an airline customer might be dissatisfied ? -  Consider the everyday task of getting to work on time or arriving at your first class on time in the morning.

  Rising fuel costs and a slow world economy

Like many airlines around the world, leading Australian airline Qantas is facing very difficult times in spite of having a 65% market share in its home market of Australia. Due to rising fuel costs and a slow world economy, Qantas has recently bee..

  How many suppliers should witt input devices use

Assuming that the marginal cost of managing an additional supplier is $15,000 per year, how many suppliers should Witt Input Devices use?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd