dsbdkbv6347 dsbdkbv6347

25-12-2020
Business

contestada

If the marginal rate of technical substitution for a cost minimizing firm is -10, and the wage rate for labor is $5, what is the rental rate for capital in dollars

Respuesta :

ajeigbeibraheem ajeigbeibraheem

26-12-2020

Answer:

$ -0.5

Explanation:

From the information given:

The marginal rate of technical submission MRTS = -10

Wages W = $5

The marginal rate of technical submission MRTS = Wages/ Rental rate of capital

∴

Rental rate of capital = Wages/marginal rate of technical submission MRTS

Rental rate of capital = 5/-10

Rental rate of capital = $ -0.5

Answer Link

Otras preguntas

Use the distributive property to simplify the expression. 7(–5x + 7) A. 12x + 14 B. –12x – 14 C. 35x – 49 D. –35x + 49

What is the perimeter of triangle PQR with vertices P(-2,9), Q(7,-3), and R(-2,-3) in the coordinate plane?

Below are two different functions f(x) and g(x). What can be determined about their slopes f(x) Xavier runs the 400m race in 50 seconds. X | g(x) 3 | -4 5 | 12

Carrie recently quit her job, packed up her car, and drove to las vegas where she gambled away her entire life savings in 24 hours. based on this, carrie may be

Find the population standard deviation (σ not S) for the data set: {75,80,90,95,75,85,55,80,90,95} Round your answer to the nearest 10th.

If someone writes a script that randomly generates up to 1 million different passwords, what is the probability that none

What waste product do plants give off that animals need?

what is the distance from the sun to mercury in scientific notation

Square root of 151 to the nearest hundredth

In order for work to be done, what three things are necessary? power, a force, and movement in the opposite direction of the applied force balanced forces, mo