Price of a unit of capital, Macroeconomics

+44 141 628 6080
[email protected]

Price of a unit of capital

Suppose that a cost minimizing firm n a perfectly competitive market uses two input, labor and capital. If the marginal product of capital is twice the marginal product of labor and the price of a unit of labor is $4, what must be the price of a unit of capital?

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Price of a unit of capital

Reference No:- TGS066851

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Macroeconomics

Q : Find total profit if firm effectively charge different price

Phillips's total cost function for the manufacturers of this product is. What are Phillips's total profits if the firm is effectively able to charge different prices in the two markets?

Q : Official measure of gdp

Explain what happens to the official measure of GDP in each of the following situations.

Q : What happen to industry output and costs per subscriber

What do you expect to happen to industry output and costs per subscriber if the number of cellular providers were reduced (assume the finding is true)?Why

Q : Land improvements such as landscaping

What does Rev. Proc. 87-56 list for the recovery period of the land improvements such as landscaping?

Q : Price of a unit of capital

Q : How is time frame important to explanation

What was Morita drawing and what did he know about costing that the chain store representative was overlooking? Be sure to describe or chart the shape of Morita's costing sketch in your answer.

Q : Additional capital and labor

Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors do you use to determine whether to invest in the additi

Q : Elaborate on the nature of interest

Elaborate on the nature of interest. Clarify the distinction between "simple interest" and "compound interest."

Q : Prepare journal entries to record the transactions

Declared the annual 2013 $8 per share dividend on preferred stock and the $2 per share dividend on common stock. these dividends are payable in 2014.

1929241

Questions
Asked

3,689

Active Tutors

1457091

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Price of a unit of capital

Reference No:- TGS066851

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Find total profit if firm effectively charge different price

Q : Official measure of gdp

Q : What happen to industry output and costs per subscriber

Q : Land improvements such as landscaping

Q : Price of a unit of capital

Q : How is time frame important to explanation

Q : Additional capital and labor

Q : Elaborate on the nature of interest

Q : Prepare journal entries to record the transactions

Investigate the cause of the recent werewolf attacks

Describe marxist theory and psychology of addiction

Explain framers decisions in creating the constitution

Federal bureaucracy has to put up with a lot of red tape

What power of recognition when it comes to office president

What right ordinance power give to the president

Analyze leadership of organization during particular event

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Price of a unit of capital

Reference No:- TGS066851

Recent Questions Asked Macroeconomics

Q : Find total profit if firm effectively charge different price

Q : Official measure of gdp

Q : What happen to industry output and costs per subscriber

Q : Land improvements such as landscaping

Q : Price of a unit of capital

Q : How is time frame important to explanation

Q : Additional capital and labor

Q : Elaborate on the nature of interest

Q : Prepare journal entries to record the transactions

Asked Questions