Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

33 of 38 If O = 40X0.25 0.50, the unit cost of capital = $1,000 and the unit cost of labour = $500, then the

image text in transcribed

image text in transcribed
33 of 38 If O = 40X0.25 0.50, the unit cost of capital = $1,000 and the unit cost of labour = $500, then the optimal capital-labour ratio would be: O A 1/3 O B. 1 O C. 1/4 O D. 1/2 Unsure

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

Econometric Analysis

Authors: William H. Greene

7th edition

131395386, 131395381, 978-0131395381

More Books

Students also viewed these Economics questions

Question

Explain the objectives of the cash flow statement.

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago

Question

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago