A firm will operate at that point where ___________is equal to one. a) the marginal physical product

Question:

A firm will operate at that point where ___________is equal to one.

a) the marginal physical product of capital/price of capital

b) the MRP of capital/price of capital

c) the price of capital/marginal physical product of capital

d) the price of capital/MRP of capital

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Mar 01, 2024 11:00 PM

See More Questions

The current market wage rate is $10, the rental rate of land is $1,000 per unit, and the rental rate of capital is $500. Production managers at a firm find that under their current allocation of...
Which one of the following is not a determinant of beta of the equity of a company? cyclicality of revenues operating leverage financial leverage All of the above are determinants of beta. QUESTION...
Analyze the way in which the strategic and management goals of an organization may be met whilst addressing the impact of industrial activities on an ecosystem. 1. include solid waste management ,...
Read the Poem Little Birds Flying and answer the following questions: What it is notifying? To whom it is notifying? How is the work two dimensional? What does it take to realize the project? ...
The author sees removal and replacement as a key element of devolving human resource competencies. Do you agree or disagree? Why?
a. What are the cash flow consequences of leasing instead of buying? b. Explain why the $10,000 in Table 26.2 has a positive sign. Table 26.2 Lease versus Buy Aftertax lease payment Lost depreciation...
9-1. La segmentacin del mercado consiste en agrupar a los clientes potenciales en segmentos que poseen dos caractersticas claras. Cules son?
Sammys Pizza opened on January 1, 2016. Sammys reported the following for cash revenues and cash expenses for the years 2016 to 2018: Required a. What would Sammys Pizza report for net income and...
On January 1, 2017, MOOSE inc issues a 5 year 8,000,000 par value 8% coupon rate, compounded semi annually. The market initially prices these bonds at 6% effective rate. Record journal entry on these...
A firm will keep hiring more and more of a resource up to the point at which its MRP is equal to __________. a) one b) its marginal physical product c) its price d) its output
The firm will hire workers until the wage rate and the of the last worker hired are equal. a) marginal physical product b) MRP c) output
What are the advantages of using a virtual organizational structure? What are the disadvantages?
The Log Jamboree amusement park ride at Six Flags over Georgia consists of an approximately rectangular flume that is 6 ft wide and is constructed from fiberglass (ks = 0.002 in). In the low-velocity...
57'-8" 1. The building perimeter walls are 1'2" thick and the interior walls are 1'0" thick. Fig 1 and Fig 2 detail the linear feet of 1'2" -thick foundation walls. In addition, side B is 8'4" tall...
The Orpheus Chamber Orchestra is celebrating its 50 years as an orchestra this year. Read the following articles about its unique structure: The first Charlotte article is copied below, the rest just...
Which of the five strategies for adapting products and promotion for global markets does Monster Employ? 15-16. Which factors in the global marketing environment have challenged Monster's global...
Analysis of Current International Economic Environment in Switzerland 1. Develop a lead sentence for this section that introduces the key subsections 2. Economic Environment describe Switzerland...
What is the relative price of root beer in terms of DVDs and what is the opportunity cost of a bottle of root beer? Marc has a budget of $20 a month to spend on root beer and DVDs. The price of root...
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
A firm with the production function Q (K, L) = 2LKL is currently utilizing 8 units of labor and 2 units of capital. If this is the optimal input mix, and if total costs are equal to 16, what are the...
For a firm with the production function Q (K, L) = 3 ln K + 2 ln L, find the optimal ratio of capital to labor if the price of capital is 4 and the price of labor is 6.
Would the market for dry cleaning be perfectly competitive in large cities such as San Francisco or New York City? Why or why not? How about in a small city such as Athens, Ohio, or Meredith, New...
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The asset is in the 5-year MACRS...
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
I need to see where the calculations for this problem come from plz. 5. Award: 4.00 points Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...

A firm will operate at that point where ___________is equal to one. a) the marginal physical product

Question:

Step by Step Answer:

Answer b the MRP of capitalprice of capital A firm will ...View the full answer

Microeconomics

Students also viewed these Business questions