FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2.5 pts Suppose you own a pizzeria that produces the best Sicilian pizza. The marginal product of your last worker was 8. If the marginal

image text in transcribed
image text in transcribed
2.5 pts Suppose you own a pizzeria that produces the best Sicilian pizza. The marginal product of your last worker was 8. If the marginal rate of technical substitution between capital and labor is 2, then marginal product of capital is 0 4 O 16 0 1 we can't say with the given information

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Microeconomics

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

7th edition

8131725995, 8131725993, 978-8131725993

More Books

Students also viewed these Economics questions

Question

★★★★★
GreenThumb operates a commercial plant nursery where it propagates plants for garden centres throughout the region. GreenThumb has $5 million in assets. Its yearly fixed costs are $600,000, and the...

Answered: 1 week ago

Question

★★★★★
11. Real vs. Nominal (LO2, CFA2) Using the information from Problem 10, calculate the inflation rates and approximate real GDP growth rates for 2018 and 2019.

Answered: 1 week ago

Question

★★★★★
After the initial groups were defined, were subgroup analyses conducted, based on age, race/ethnicity, disability, grade level, sex, socioeconomic status, or similar variables?

Answered: 1 week ago

Question

★★★★★
At a particular axial station, velocity and temperature profiles for laminar flow in a parallel plate channel have the form u(y) = 0.75[1 (y/y o ) 2 ] T(y) = 5.0 + 95.66(y/y o ) 2 47.83(y/yo) 4...

Answered: 1 week ago

Question

★★★★★
Question 4 1 Choose the statement that is not correct. Pick ONE option The recursive SELECT part in a recursive CTE with aggregate or window functions is much faster than the non - recursive part due...

Answered: 1 week ago

Question

★★★★★
Using the data in the table below, calculate the return for investing in the Enbridge Inc. stock for the year 2021, assuming all dividends are reinvested in the stock immediately. Historical Stock...

Answered: 1 week ago

Question

★★★★★
Healthcare Providers and Nonbinary Patients The importance for adherence by those professionals to that code; Choose two principles from the code you chose to illustrate the values these...

Answered: 1 week ago

Question

★★★★★
Brewer Corporation. has the following information for August: The Decorating Department had 600 wreaths in process at the beginning of the month that were 80 percent complete s to material and 90...

Answered: 1 week ago

Question

★★★★★
All products and services move through the PRODUCT LIFE CYCLE What are the phases of the PRODUCT LIFE CYCLE? Chose a product or a service of a company in the sporting goods industry. Designate the...

Answered: 1 week ago

Question

★★★★★
Access to GPS tracking data from a smart phone to verify an alibi may be obtained from the service provider: at any time by accessing on-line databases through a formal request or subpoena only with...

Answered: 1 week ago

Question

★★★★★
Technician A says RAM contains calibration tables and look-up tables for the general make and model of the vehicle. Technician B says ROM contains permanent data that cannot be removed from memory....

Answered: 1 week ago

Question

★★★★★
In Eli Lilly's Office of Alliance Management, the alliance champion is primarily responsible for Question 1 options: a) making sure that an alliance fits within the firm's existing alliance portfolio...

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statement: Everything is seen, heard and said by a subject, and accordingly is subjective.

Answered: 1 week ago

Question

★★★★★
1. This chapter is designed to give the reader an understanding of how the way a problem is framed is crucial for how it is perceived, both by the recipient of a message and the person who wants to...

Answered: 1 week ago

Question

★★★★★
5. How is communication affected by how we demarcate the boundaries of a problem?

Answered: 1 week ago

Previous Question Next Question