Refer to the following:
The price of capital (r) is $20.

-If, at the optimal combination of inputs for producing 14,000 units of output, the marginal product of capital is 40, what is the marginal product of labor?
A) 60
B) 40
C) 27.67
D) 80
E) impossible to tell from the graph

Question

Refer to the following:
The price of capital (r) is $20.
 
-If, at the optimal combination of inputs for producing 14,000 units of output, the marginal product of capital is 40, what is the marginal product of labor?
A) 60 
B) 40 
C) 27.67 
D) 80 
E) impossible to tell from the graph

Quizplus · Accepted Answer

The Answer of Refer to the following:
The price of capital (r) is $20.
 
-If, at the optimal combination of inputs for producing 14,000 units of output, the marginal product of capital is 40, what is the marginal product of labor?
A) 60 
B) 40 
C) 27.67 
D) 80 
E) impossible to tell from the graph

Refer to the Following