Suppose you decide to start a business printing T-shirts. The table below summarizes the number of machines you will need to print T-shirts for a
Suppose you decide to start a business printing T-shirts. The table below summarizes the number of machines you will need to print T-shirts for a given level of output as well as the marginal product of each additional machine. Assume the equilibrium price of T-shirts is $8. Calculate the value of the marginal product of capital (VMPK) for your T-shirt business. (Enfer your responses as integers.) Output Number of Marginal per Day Machines Product VMPK 0 0 _ 50 1 50 s | 115 2 65 s | 187 3 72 s | 250 4 63 s | 308 5 58 s | If the rental price of capital is $504 per machine, you will employ ':I 2 machines 3 machines 4 machines
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