Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
tuggy tuggy
wrote...
Go to Answer
Posts: 864
Rep: 0 2
7 years ago
The following table shows the number of machines used and the daily output of a firm manufacturing notebooks.

Number of Machines Used   Daily Output
0   0
1   10
2   26
3   38
4   50
5   60
6   66
7   70

a)   Calculate the marginal product of capital at different levels of employment. If the market price of each notebook is $3, calculate the value of marginal product of capital.
b)   How many machines should the firm rent if the rental price of each machine is $12 per day? Up to how many machines should the firm rent if the rental price increases to $30 per day?
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 89 times
2 Replies
Replies
Answer verified by a subject expert
SimplemanSimpleman
wrote...
#1
Top Poster
Posts: 584
Rep: 25 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 180 words.
1

Related Topics

tuggy Author
wrote...
#2
7 years ago
Thanks for answering correctly
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1541 People Browsing
 108 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1184
  
 335
  
 1073
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4
Previous poll results: How often do you eat-out per week?