4. least-cost rule versus profit maximization marvin’s milk farm produces milk and sells it in a perfectly competitive market at $4 per bottle. the following table shows marvin's weekly total and marginal product schedules, using labor and capital. assume that labor and capital may be used independently; that is, one is not needed for the other factor to be productive. therefore, the total amount of milk that marvin's produces is obtained by adding together the amount of milk produced by labor and the amount of milk produced by capital. the table also shows total revenue and marginal revenue products (mrpmrp) of labor and capital. finally, assume that marvin's milk farm is a factor price taker in the labor and capital markets. labor costs $48 per week, and capital costs $84 per week. labor total product marginal physical product total revenue mrp of labor (number of workers) (bottles) (bottles) (dollars) (dollars) 0 0 1 24 24 96 96 2 42 18 168 72 3 54 12 216 48 4 62 8 248 32
Answer from: Quest
answer; i believe the correct answer is (tall); ///good luck
Answer from: Quest
urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total
Answer from: Quest
answer; /// multipotentialite means a person who have many different interests and creative pursuits in life; (one true calling);
polymath; means a person of wide-ranging knowledge or learning;
scanner; means; a device that captures images from photographic prints,posters,magazine pages.ect;
Answer from: Quest
Answerradio shack is an example of a franchise;
Business, 22.06.2019 10:20, rockstargirl9245
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 1
Business, 22.06.2019 11:00, cedricevans41p4j3kx
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
Business, 22.06.2019 13:50, chammusa2
Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.
Answers: 3
4. least-cost rule versus profit maximization marvin’s milk farm produces milk and sells it in a per...
Chemistry, 03.02.2021 18:20
Mathematics, 03.02.2021 18:20
Spanish, 03.02.2021 18:20
Mathematics, 03.02.2021 18:20
Mathematics, 03.02.2021 18:20
Mathematics, 03.02.2021 18:20