-How Many Units of Capital Would You Hire

question 189

Short Answer

$\begin{array} { c c c c c c } \begin{array} { c } \text { Units } \\\text { of } \\\text { Land }\end{array} & \begin{array} { c } \text { MRP } \\\text { of } \\\text { Land }\end{array} & \begin{array} { c } \text { Units } \\\text { of } \\\text { Capital }\end{array} & \begin{array} { c } \text { MRP of } \\\text { Capital }\end{array} & \begin{array} { c } \text { Units } \\\text { of } \\\text { Labor }\end{array} & \begin{array} { c } \text { MRP of } \\\text { Labor }\end{array} \\1 & \$ 40 & 1 & \$ 29 & 1 & \$ 14 \\2 & 38 & 2 & 28 & 2 & 13 \\3 & 34 & 3 & 25 & 3 & 11 \\4 & 25 & 4 & 18 & 4 & 9 \\5 & 15 & 5 & 10 & 5 & 6 \\6 & 2 & 6 & 6 & 6 & 4 \\7 & 0 & 7 & 2 & 7 & 2 \\\end{array}\\~~~~~~~\text { Rent } = \$ 15 ~~~~~~~~~~~~~~~~~~~~ \text { Interest } = \$ 18 ~~~~~~~~~~~~~~~~~ \text { Wage rate } = \$ 4$
-How many units of capital would you hire?

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Definitions:

Infectious Diseases

Diseases caused by pathogenic microorganisms like bacteria, viruses, parasites, or fungi that can be spread, directly or indirectly, from one person to another.

Chronic Diseases

Long-lasting medical conditions that are generally progressive and can be controlled but not cured.

Infectious Diseases

Illnesses caused by pathogens such as bacteria, viruses, fungi, or parasites, that can spread directly or indirectly from one individual to another.

Chronic Diseases

Long-term health conditions that persist for months or years, often incurable but can be managed through treatment and lifestyle changes.