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Smiling Cow Dairy can sell all the milk it wants for $4 a gallon, and it can rent all the robots it wants to milk the cows at a capital rental price of $100 a day. if faces the following production schedule:Number of Robots Total Product_____________________________________________________0 0 gallon…
a and b are perfectly competitive markets, since it can sell and rent items at a fixed price regardless of quantity. c) 1 50, 200 2 35, 140 3 30, 120 4) 25, 100 5) 10,…

0 6) 5, 20 d) it should rent four robots because that’s where the value of the marginal product equals the price.



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