Currently the wage rate i 6 per hour also capital is rented, Ask an Expert

Management Studies

Q. a manager hires labour also rents capital equipment in a very competitive market. Currently the wage rate i $6 per hour also capital is rented at $12 per hour. If the marginal product of labour is 50 units of output per hour also the marginal product of capital is 75 units of output per hour, is the organization using the cost-minimizing combination of labour also capital? If not, should the organization increase or decrease the amount of capital used in its production process?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9366460

Have any Question?Write your Review or question?

Related Questions in Business Management

1 define organizational communication2 what interesting

1. Define organizational communication 2. What interesting about the subject of organizational communication

What are the general or ordinary causes of issues in human

What are the general or ordinary causes of issues in human relations with regards to any business or organization?

Create brochure that could be given to people considering

Create brochure that could be given to people considering starting their own business and who want to know the key considerations when developing a business plan and determining the best methods of managing the business' ...

What is the different between product attributes production

What is the different between product attributes, production capabilities, marketing capabilities and cash requirements that are needed to appeal to a) early buyers and b) the mass market.

1 what is a trade deficit are trade deficits good bad

1. What is a trade deficit? Are trade deficits good, bad, or neutral? 2. Why does the U.S. have a trade deficit with Japan, according to the op-ed?

Explain the virtual integration of crm scm and e-erp

Explain the virtual integration of CRM, SCM, and e-ERP systems in the organisation

This is from my training and development course1 how might

This is from my training and development course 1) How might course design differ for baby boomers compared to Gen Xers? 2) What could be done to increase the likelihood of transfer of training if the work environment co ...

For the pastnbsp110nbspyears a certain state

For the past 110 ?years, a certain state suffered 28 direct hits from major? (category 3 to? 5) hurricanes. Assume that this was typical and the number of hits per year follows a Poisson distribution. Complete parts? (a) ...

Suppose the total cost function for a firm is given by tc

Suppose the total cost function for a firm is given by: TC= 100 + 2q +0.5q2. Find the marginal cost function and then use that to determine the marginal cost of the 20th unit.

Discuss the kinds of employee information that managers

Discuss the kinds of employee information that managers might find to be particularly useful in a talent inventory.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert