Suppose capital costs $2000 per unit and labour costs $50 per unit.For a profit- maximizing firm operating at its optimal factor mix,if the marginal product of labour is 10,the marginal product of capital must be
A)40.
B)50.
C)100.
D)400.
E)500.

Question

Quizplus · Accepted Answer

The Answer of Suppose capital costs $2000 per unit and labour costs $50 per unit.For a profit- maximizing firm operating at its optimal factor mix,if the marginal product of labour is 10,the marginal product of capital must be
A)40.
B)50.
C)100.
D)400.
E)500.

Suppose Capital Costs $2000 Per Unit and Labour Costs $50