Home » A firm’s product sells for \$2 per unit in a highly competitive market. The firm produces output using capital (rents at \$75 per hour) and labor…

# A firm’s product sells for \$2 per unit in a highly competitive market. The firm produces output using capital (rents at \$75 per hour) and labor…

. A firm’s product sells for \$2 per unit in a highly competitive market. The firm produces output using capital (rents at \$75 per hour) and labor (paid @ \$15 per hour for 20 hours). Complete the following table and use that information to answer the questions that follow.KLQMPKAPKAPLVMPK02001205022015032030042040052045062047572047582045092040010203001120150(a) Identify the fixed and variable inputs(b) What are the firm’s fixed costs?(c) What is the variable cost of producing 475 units of output?(d) How many units of the variable input should be used to maximize profits?(e) What are the maximum profits this firm can earn?(f) Over what range of the variable input usage do increasing marginal returns exist?(g) Over what range of the variable input usage do decreasing marginal returns exist?(h) Over what range of input usage do negative marginal returns exist?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.