(See Steps) Suppose a firm is using 25 workers and 10 units of capital. Workers are paid $15 and capital costs $120. The last worker adds 15 units to output.
Question: Suppose a firm is using 25 workers and 10 units of capital. Workers are paid $15 and capital costs $120. The last worker adds 15 units to output. The last unit of capital adds 75 units to output. Should the manager make any changes to the inputs? Show your math and explain why or why not.
Deliverable: Word Document 
![[See Solution] What is the MRTS, long-run](/images/solutions/MC-solution-library-76703.jpg "[See Solution] What is the MRTS, long-run total cost, and long-run")
[See Solution] What is the MRTS, long-run total cost, and long-run
(See Solution) What is the MRTS, long-run total cost, and long-run
(All Steps) What is the MRTS, long-run total cost, and long-run
![[See Steps] Over what range of output](/images/solutions/MC-solution-library-76706.jpg "[See Steps] Over what range of output does the firm experience")
[See Steps] Over what range of output does the firm experience
![[Solution Library] Over what range of output](/images/solutions/MC-solution-library-76707.jpg "[Solution Library] Over what range of output does the firm experience economies")
[Solution Library] Over what range of output does the firm experience economies
Solved Statistics Problems - Practice Problems to prepare for your exams - MathCracker.com