Suppose That Capital Costs $10 Per Unit and Labour Costs

question 108

Multiple Choice

Suppose that capital costs $10 per unit and labour costs $5 per unit.For a profit-maximizing firm operating at its optimal factor mix,if the marginal product of capital is 50,the marginal product of labour must be

• A)10.
• B)20.
• C)25.
• D)50.
• E)100.

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Definitions:

Adolescence

The developmental stage between childhood and adulthood characterized by physical, psychological, and social changes.

Corpus Callosum

A thick band of nerve fibers that divides the cerebral cortex lobes into left and right hemispheres, facilitating communication between both sides of the brain.

Myelination

The process of forming a myelin sheath around the nerves, which increases the speed at which impulses propagate along the myelinated fibers.

Hemispheres

Refers to the two halves of the brain or the globe, each of which serves distinct yet interrelated functions in processing information or controlling different functions.