Use the following to answer questions :
Table 7A-1
-If point D is the least-cost factor combination for Q = 100 when the price of labor = $5 and the price of land = $4 for Table 7A-1, what is the (marginal productivity of labor)/(marginal productivity of capital)?
A)1
B)1.25
C)1.5
D)2
E)It cannot be determined from the information given.

Question

Use the following to answer questions :
Table 7A-1 
-If point D is the least-cost factor combination for Q = 100 when the price of labor = $5 and the price of land = $4 for Table 7A-1, what is the (marginal productivity of labor)/(marginal productivity of capital)?
A)1 
B)1.25 
C)1.5 
D)2 
E)It cannot be determined from the information given.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions :
Table 7A-1 
-If point D is the least-cost factor combination for Q = 100 when the price of labor = $5 and the price of land = $4 for Table 7A-1, what is the (marginal productivity of labor)/(marginal productivity of capital)?
A)1 
B)1.25 
C)1.5 
D)2 
E)It cannot be determined from the information given.

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