SophiaPretty

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About SophiaPretty

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Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
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  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Business & Finance Posted 06 Sep 2017 My Price 5.00

Currently, the wage rate is $5 per worker hour,

Currently, the wage rate is $5 per worker hour, and the price of capital is $10 per machine hour. If the marginal productivity of labor is 55units per hour and the marginal productivity of capital is 77units per hour, how should a cost-minimizing firm adjust its input mix, assuming that it does not want to increase output?

A.The firm should increase its use of capital and decrease its use of labor.B.The firm should increase its use of both capital and labor.C.The firm should decrease its use of both capital and labor.D.The firm should decrease its use of capital and increase its use of labor.

Answers

SophiaPretty
(5)
Status NEW Posted 06 Sep 2017 11:09 AM My Price 5.00

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