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Question (Category: Homework )
Question1. Problem-solving question: Use the following data for a firm's output at various levels of employment to calculate: a) its marginal physical product of labor (MPPL) schedule (b) its (MPPLMRCL) schedule, given a fixed wage of $20 per hour per worker. (c) Assuming that capital is held constant at 2 machines and MPPKMRCK = 30, what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources? Number of Workers (L) Output (Q) 1 nb sp 1000 2 nb sp 2600 3 nb sp 4000 4 nb sp 5200 5 nb sp 5800 6 nb sp 6200
Info Request
strongHello James and welcome to JustAnswerstrongThere seems to be some issue with what you have posted (Data is not formatted well)For confirmation, i am posting the question as following. Let me know, it is the one you need help with.quot p class=text-15-blackUse the following data for a firm39s output at various levels of employment to calculate: p class=text-15-black a) its marginal physical product of labor (MPPL) schedule p class=text-15-black(b) its (MPPLMRCL) schedule, given a fixed wage of $20 per hour per worker. p class=text-15-black (c) Assuming that capital is held constant at 2 machines and MPPKMRCK = 30, what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources? p class=text-15-black p class=MsoNormalspan class=text-15-black Number of Workers (L)...................... Output (Q) ....................1......................................1000.....................2.....................................2600.....................3.....................................4000.....................4.....................................5200.....................5.....................................5800.....................6.....................................6200 p class=MsoNormalquotp class=MsoNormal p class=MsoNormalIs it correct?p class=MsoNormalLet me know so that i can help you with answer.p class=MsoNormalRegards editededitIDDr. AmiteditIDeditDate40204.2603675579editDateedited
Info Request
Hello james, i am still waiting for your reply.Is it the correct questions you need help with? Let me know


Answer by Matt D. (Purchased 5 times and rated )