menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Policy and Practice
  4. Exam
    Exam 3: Aggregate Production and Productivity
  5. Question
    When a Particular Firm Is Fully Utilizing Its Capital,its Output
Solved

When a Particular Firm Is Fully Utilizing Its Capital,its Output

Question 59

Question 59

Multiple Choice

When a particular firm is fully utilizing its capital,its output is given by Y = 10 × When a particular firm is fully utilizing its capital,its output is given by Y = 10 ×   .The cost of labor is $1 per unit.To maximize profit,how many units of labor should this firm use? A) 25 B) 5 C) 3.16 D) 100 E) 50
.The cost of labor is $1 per unit.To maximize profit,how many units of labor should this firm use?


A) 25
B) 5
C) 3.16
D) 100
E) 50

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: Which of the following is (are)likely to

Q55: The classical framework is based on which

Q56: What does the Cobb-Douglas production function assume

Q57: Suppose an economy has an increase in

Q58: Constant returns to scale (CRS)implies _.<br>A)constant returns

Q60: The three oil shocks the U.S.experienced in

Q61: As the capital stock increases,_.This means that

Q62: When the rental price of capital is

Q63: Assume that an economy is in equilibrium

Q64: An economy's production function is Y =

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines