Solutions Economics

Using the following table, consider the following: This firm rents its capital for $75 per hour.

Using the following table, consider the following: This firm rents its capital for $75 per hour. Its output (Q) is in terms of output per hour. The firm pays its employees $15 per hour.

Capital	Labor	Output	Marginal	Value of the
			Product of	Marginal Product
			Capital	of Capital
K	L	Q	MP of K	VMP of K
0	20	0
1	20	50	50	$100
2	20	150	100	200
3	20	300
4	20	400
5	20	450
6	20	475
7	20	475
8	20	450
9	20	400
10	20	300
11	20	150