The market price of physical capital is $10 and the market wage rate is $5. If a firm is optimally hiring an additional unit of physical capital, the value of the marginal product of physical capital is:
A) $1.
B) $2.
C) $10.
D) $50.
C
Economics
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How can break-even analysis be used to project the level of operation needed to achieve a targeted profit level?
What will be an ideal response?
Economics
Nonprofit, or not-for-profit, firms
a. maximize revenue instead of profit b. minimize cost rather than maximize profit c. often pursue goals other than profit maximization d. pursue profit as their main goal despite their name e. have no incentive to produce efficiently
Economics