SpletSuppose the marginal product of capital is 40 and capital costs $8 per unit and the marginal product of labor is 20 and labor costs are $4 per unit. under these conditions, a firm … SpletThe marginal revenue product: a. is the product of the marginal product of labor and the price of the output b. eventually increases as labor input increases c. measures the …

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Splet“The marginal efficiency of capital is equal to that rate of discount which would make the present value of the series of annuities given by the returns expected from the capital asset during its life just equal to its supply … SpletMany firms experience increasing marginal product before diminishing marginal product. As a result, they have cost curves shaped like those in this figure. Notice that marginal cost and average variable cost fall for a while before starting to rise. Short-run cost curve relations • AFC decreases continuously as output increases freezer chicken sour cream burritos

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Splet14. apr. 2024 · Capital gains tax (CGT) is the tax paid on any profits gained from selling or disposing of certain assets. These include stocks, investment properties, business assets, some personal use assets, and some collectibles. While capital gains tax has its own classification, it is still part of an individual's income tax. SpletThe marginal revenue product of labor (MRPL) is the additional revenue acquired from employing an extra unit of labor. Labor is a factor of production which involves employing … SpletGiven the company's marginal physical product of labor, line on the previous graph shows Gopher's demand for labor when the price of a shovel is $1.00, and line shows Gopher's demand for labor when the price of a shovel is $3.00. Y Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution Knowledge Booster fashion webstore