Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
corie corie
wrote...
Go to Answer
Posts: 767
Rep: 10 0
6 years ago
Currently, Ronald's Outboard Motor Manufacturing uses 100 power drills in the production of motors (K represents the number of power drills).  Ronald's marginal product of labor function is MPL (L, K) =  .  Ronald can sell all the motors he produces for $100 per unit and hire all the labor units he desire at $10 per unit.  What happens to Ronald's optimal labor employment if he decreases the number of power drills to 90?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 92 times
1 Reply
Replies
Answer verified by a subject expert
CanihCanih
wrote...
#1
Posts: 463
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

corie Author
wrote...

6 years ago
Helped a lot
apelton
wrote...

Yesterday
Just got PERFECT on my quiz
sadiewolf
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1157 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 201
  
 9301
  
 332