Marginal output, economics, Microeconomics

Assignment Help:

If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $28 per machine, are these two outputs being used at the least cost combination and what should be done if they are not?

Related Discussions:- Marginal output, economics

Central economic problem, breif report on cental economic problem??

breif report on cental economic problem??

Theory of product pricing, give me answer of theory of product prices

give me answer of theory of product prices

Monopoly, if the inverse demand curve is p=120-Qand the marginal cost is co...

if the inverse demand curve is p=120-Qand the marginal cost is constant at 10, how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the welf

Calculate quarterly performance metrics , I would tend to think that a 5% p...

I would tend to think that a 5% per year goal is more reasonable. Smaller incremental goals always appear to be more attainable, while more radical goals may actually be more diffi

Market supply labour, use a graphical illustration to describe briefly what...

use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

How to do economic analysis of companies, For the purposes of economic anal...

For the purposes of economic analysis, a normal profit contains the cost of the lost opportunity of the next best option allocation of the firms resources. In a purely competitive

Help, In a competitive market, the market demand is Qd = 150 - 5P and the m...

In a competitive market, the market demand is Qd = 150 - 5P and the market supply is Qs = 5P - 10. As a result of a price ceiling imposed at $14, the new consumer surplus and produ

What is opportunity cost, What is opportunity cost? Answer: Opportun...

What is opportunity cost? Answer: Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co

Pure monopoly, Pure Monopoly: Pure monopoly examined the market struct...

Pure Monopoly: Pure monopoly examined the market structure that is generally regarded as the polar opposite of perfect competition – i.e. the monopoly model. Like the perfect

Write Your Message!

Name

Email id

Message

Verfication Code

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

User Account

All Pages