Question
Solution
Calculate the marginal product per unit cost for both labor and capital: MPL/w = 2/10 = 0.2 MPK/R = 5/5=1 Since MPK/R>MPL/W ​ , the firm is getting more output per unit of cost from capital than from labor. This means the firm can lower its production costs by using more capital and less labor while maintaining the same level of output.
15.08% of (133.13 + 146.928) + 8.033 - (8.98 of 6.01) = ? of (46.09 - 20.98)
75.22 of 219.98% + 359.99 ÷ 18.18 = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
(9116.89 – 8024.89 + 902.95) × 14 = 1800 × ?
5.25 x 4.09 + 3.99 x 9.67 + 6.01 x 14.88 = ?
What approximate value will come in place of the question mark (?) in the following question?
(2160.23 ÷ 35.98) + (600.32 ÷ 23.9) + 1744.11 = ?
20.06% of 359.89 - 15.95 X ? + 18.07 X 14.95 = 48.87 X 6.02
(5/9 of 2700.11) + (49.78% of 143.88) - (2/7 of 489.89) = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
