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WordBoss, Inc. uses four word processors and 2 desk-top computers to generate reports. The marginal product of a word processor is fifty pages per hour
- WordBoss, Inc. uses four word processors and 2 desk-top computers to generate reports. The marginal product of a word processor is fifty pages per hour and the marginal product of a desk-top computer is five hundred pages per hour.
- If the rental price of a word processor is $1 per hour and the rental price of a desk-top computer is $10 per hour, is WordBoss utilizing word processors and desk-top computers efficiently?
- If the price of each page produced is $0.10, what is the value marginal product of a word processor?
- If the price of each page produced is $0.10, what is the value marginal product of a desk-top computer?
- If the rental price of a desk-top computer decreases to $5 per hour, how should WordBoss respond?
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
