Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: corie on Oct 25, 2017



Title: Currently, One Guy's uses 4 ovens in the production of pizzas (K represents the number of ovens). ...
Post by: corie on Oct 25, 2017
Currently, One Guy's uses 4 ovens in the production of pizzas (K represents the number of ovens).  One Guy's marginal product of labor function is MPL (L, K) =  .  One Guy's can sell all the pizzas it produces for $12 per unit and hire all the labor units it desires at $8 per unit.  What happens to One Guy's optimal labor employment if it increases the number of ovens to 5?


Title: Re: Currently, One Guy's uses 4 ovens in the production of pizzas (K represents the number of ...
Post by: oracledarren on Oct 25, 2017
Content hidden