a firm will be hiring labor and capital in profit-maximizing amounts when multiple choice the mrp of the last unit hired of both labor and capital are the same. mrp capital/price of capital equals mrp labor/price of labor. mrp capital/mrp labor equals price of labor/price of capital. mrp capital/price of capital equals mrp labor/price of labor equals 1.
Answers
When a firm wants to maximize its profits, it will hire labor and capital in such a way that the marginal revenue product (MRP) of the last unit hired for both factors of production is equal.
This means that the additional output generated by hiring an additional unit of labor or capital will bring in the same amount of revenue. In order to achieve this, the firm needs to compare the MRP of labor to the price of labor and the MRP of capital to the price of capital. The ideal situation is when the ratio of MRP of capital to MRP of labor is equal to the ratio of the price of labor to the price of capital. This equilibrium condition ensures that the firm is allocating its resources efficiently and maximizing its profits. When this condition is met, the firm should not hire more of either factor of production as doing so would reduce its profits.
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Related Questions
what is engineering?
Answers
Answer:
Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.
Engineering skills include:
The scientific methodSocial, cultural and economic awareness MathematicsBiology, chemistry, physics and other areas of scienceCreativityTeamworkWhere science is involved with designs, buildings, use of engines, machines, and structures.Which statement describes an advantage of buying a home?
A. Purchasing a home builds equity.
B. Homes depreciate over time.
C. Your landlord may force you to move.
D. Your taxes increase.
Answers
- homes usually don’t depreciate over time.
- when buying a home you don’t have a landlord.
- property taxes may go up, but that’s not an advantage.
A dairy plant is producing cream from milk with a fat content of 6% by weight. The cream is to have a fat content of 50% by weight and the skimmed milk produced as a byproduct has a fat content of 1%. Milk supplied to the creamery at a rate of 100 US tons per day. What is the daily skim milk production?
Answers
The daily skim milk production is 144 US tons with a fat content of 0%. fat content in the skimmed milk and the fat content in the cream produced.
To calculate the daily skim milk production, we need to determine the fat content in the skimmed milk and the fat content in the cream produced.
Let's start with the fat content in the cream:
- The milk supplied to the creamery has a fat content of 6%.
- The cream to be produced needs to have a fat content of 50%.
- The fat content in the cream is increasing from 6% to 50%.
The amount of fat content removed from the milk to produce cream can be calculated as:
Amount of fat content in cream = Amount of milk supplied * (fat content in milk - fat content in cream)
= 100 US tons * (6% - 50%)
= 100 US tons * (-44%)
= -44 US tons
Since we cannot have a negative amount of fat content, we can conclude that the fat content in the skimmed milk is 0%.
Now, let's calculate the daily skim milk production:
Amount of skimmed milk produced = Amount of milk supplied - Amount of cream produced
= 100 US tons - (-44 US tons)
= 144 US tons
Therefore, the daily skim milk production is 144 US tons with a fat content of 0%.
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1. what is a major risk of using a financial institution? (1 point) the financial institution may fail entirely. financial institutions may choose not to pay investors back. investors can be unable to withdraw money when they need it. insurance will not cover any losses incurred by a financial institution.
Answers
The major risk of using a financial institution is that the institution may fail entirely, which means that investors could lose their money.
While there are regulations and safety nets in place to prevent this from happening, such as FDIC insurance for banks, there is still a risk that the institution may not be able to pay investors back. Additionally, investors may not be able to withdraw their money when they need it if the institution experiences financial difficulties. Therefore, it is important for investors to carefully research and choose a reputable financial institution to minimize these risks.
A major risk of using a financial institution is that the financial institution may fail entirely, which could potentially make it difficult for investors to withdraw money when they need it.
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Which of the following would tend to increase the importance of supply chain management? a. increased globalization b. greater emphasis on local markets reduced competitive pressures c. lower levels of outsourcing d. increased supply chain stability
Answers
As a result, choice (a) is accurate because greater globalization tends to make supply chain management more crucial.
What is chain management?The primary management of the movement of products and services is supply chain management (SCM), which includes all processes that transform raw materials into finished goods. By maximizing the supply chain, businesses may cut back on wasteful spending and deliver items to customers more swiftly and efficiently. Supply chain management (SCM) is the management of the flow of resources, including information and financial resources, involved in the production of a thing or service, from the procurement of raw materials to final of the good to its destination.
Why is chain management important?Supply chain management makes it possible for anything to travel without incident, including products and any unanticipated natural disaster. Supply chain managers oversee the logistics for any organization on a global scale. Supply chain managers can quickly identify issues or disruptions for flawless transportation of commodities with competent supply chain management.
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answers
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
The competitive pressures from substitute products tend to be stronger when Group of answer choices there are more than 10 sellers of substitute products. buyers are relatively comfortable with the quality and performance of substitutes, and the costs to buyers of switching over to the substitutes are low. demand for the industry's product is not very price sensitive. buyers have high psychic costs in severing existing brand relationships and establishing new ones. substitutes exhibit the latest in technological innovation.
Answers
Answer:
buyers are relatively comfortable with the quality and performance of substitutes, and the costs to buyers of switching over to the substitutes are low.
Explanation:
Substitute goods are goods that can be used in place of another good.
Factors that increases competitive pressures from substitute products include:
the switching cost : the lower the cost of switching to substitute good, the higher the competitive pressures from substitute products If the demand for the industry product is price sensitive : if demand for the product is price sensitive, a small increase in price would lead to an increase in demand for the substitute good⚠︎IF SOMEONE SHARES A LINK DO NOT GO TO IT! IT WILL DOWNLOAD A VIRUS!⚠︎
ok have a good day ❀
Answers
Answer:
tank us.
Explanation:
you borrow $155,000; the annual loan payments are $11,260.58 for 30 years. what interest rate are you being charged? round your answer to the nearest whole number
Answers
The interest rate being charged is approximately 7%. This is calculated by dividing the total annual payment ($11,260.58) by the loan amount ($155,000) and multiplying by 100.
The result rounded to the nearest whole number is 7%. To determine the interest rate, we can divide the total annual payment ($11,260.58) by the loan amount ($155,000) and multiply by 100. This calculation gives us the annual interest rate as a percentage. Rounding the result to the nearest whole number, we find that the interest rate being charged is approximately 7%.
Mathematically, the calculation is as follows:
Interest Rate = (Annual Payment / Loan Amount) * 100
Interest Rate = ($11,260.58 / $155,000) * 100
Interest Rate = 0.072625806 * 100
Interest Rate ≈ 7%
Therefore, the borrower is being charged an interest rate of around 7% on the loan.
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Which examples demonstrate common Production work environments? Check all that apply.
Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.
((answer: A, B, E))
Answers
Answer:
The answer is A,B,E
Explanation:
Jus took the test and got a 100
The examples that demonstrate common production work environment are:
Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshopWhat is Production work environment?Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.
The above means that production work environment is where people carry out assembling work, production work, etc.
Hence, the examples that demonstrate common production work environment are:
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last year danny storm inc. had a $3,000 favorable total labor variance and an $1,800 unfavorable labor price variance. what was the labor quantity variance last year?select answer from the options below$1,200 unfavorable$4,800 favorable$1,200 favorable$4,800 unfavorable
Answers
The Labor Quantity Variance is $4,800 favorable. To calculate the labor quantity variance, we need to use the given information about the total labor variance and the labor price variance.
Here's a step-by-step explanation:
1. Recall the formula for total labor variance:
Total Labor Variance = Labor Price Variance + Labor Quantity Variance
2. We know that Danny Storm Inc. had a $3,000 favorable total labor variance and a $1,800 unfavorable labor price variance. Substitute these values into the formula:
$3,000 (favorable) = -$1,800 (unfavorable) + Labor Quantity Variance
3. To find the Labor Quantity Variance, add $1,800 to both sides of the equation:
Labor Quantity Variance = $3,000 (favorable) + $1,800 (unfavorable)
Labor Quantity Variance = $4,800 (favorable)
Based on the calculations, the labor quantity variance for Danny Storm Inc. last year was $4,800 favorable. Therefore, the correct answer is: $4,800 favorable.
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Your rich great uncle left you some money to buy a new car. If you plan to purchase a foreign car, how might trade barriers impact the price that you have to pay for that car?
Answers
Answer:
you much money did your great uncle left for you
The trade barriers will impact negatively and it will raise the amount of payment for the car significantly.
Trade Barriers:No matter how big or wealthy a nation is, its industrial industry will need to look outside its borders for raw materials. However, some nations continue to oppose free trade. Some leaders still feel that free trade is not best for their economies and that it negatively affects their growth and employment. Others provide justifications for putting up barriers to commerce.Trade barriers for import of a car -Indian import taxes are high because the country promotes domestic and local industries. This is known as import substitution industrialization (ISI), a trade policy that focuses entirely on replacing import-based manufacturing and production with indigenous ones.Therefore, the trade barriers will impact negatively and it will raise the amount of payment for the car significantly.
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In which part of a résumé would you mention details of any prizes or awards that you won in professional competitions?
Answers
Answer:
"Scholarships or Competitions" would be the appropriate choice.
Explanation:
As even the title indicates, this would be the segment of your CV or resume wherever you mention the related honors, accomplishments, or prizes you have received for performing above the norm. It requires scholarships, contests, career-related honors, or perhaps even raises to management place throughout the job. Even with your remarkable accomplishments, users shouldn't have to build a special segment.Answer:
Honors and activities
Explanation:
Hope this helps :)
Select the correct answer.
Some merchandisers design window displays.
A. True
B. False
Answers
Answer:
your answer would be (A) True
Explanation:
A market condition featuring one producer controlling the entire supply of a
good is called
O A. an oligopoly
B. a monopoly
O c. monopolistic competition
D. pure competition
Answers
Answer:
B. A monopoly.
Explanation:
A market condition featuring one producer controlling the entire supply of a good is called a monopoly. Therefore, option B is correct.
What is a monopoly?A monopoly market is a market condition where there is only one supplier or producer of a particular good or service. In other words, a monopoly exists when a single company or entity has exclusive control over the production and distribution of a certain product or service.
In a monopoly market, the single seller has significant market power and can exert control over the price and quantity of the product. Since there are no close substitutes available in the market, consumers have no choice but to pay the price set by the monopolist. This can lead to higher prices and reduced consumer surplus.
Monopolies can arise due to various reasons, including legal barriers, such as patents or licenses, economies of scale, and control over essential resources. Governments sometimes regulate or break up monopolies to prevent them from abusing their market power and to promote competition in the market.
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Whether risk is present in employment
Answers
Answer:
Step by step explanation
. A quadratic polynomial whose one zero is 6 and the sum of the zeroes is 0, is x*2-6
True
False
pls tell fast
Answers
Answer:
False
Explanation:
From the question, we can see that a quadratic polynomial is made up of two elements or variables called zeros in this question
From the question, we are told that one variable (zero) = 6
The second variable (zero) = unknown , therefore we can represent the second variable as Y
We are told that the sum of the variables = 0
This means:
6 + Y = 0
Therefore, Y = 0 - 6
Y = -6.
The second variable ( zero) = - 6
Since it is a quadratic polynomial,
The roots of the polynomials are the variables 6 and -6
Hence, we have:
(x + 6) (x - 6) = 0
Expanding the brackets
x² - 6x + 6x - 36 = 0
= x² - 36 = 0
Therefore, a quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x² - 36 = 0
This means the statement made in the question above "A quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x²-6" is false
explain how countercyclical fiscal policy will adjust the economy back to full employment
Answers
Countercyclical fiscal policy refers to the method of government expenditure and revenue policies that aim to counteract business cycle fluctuations. It is used to adjust the economy back to full employment.
Fiscal policy can impact aggregate demand and supply, including demand-side stimulus, supply-side incentives, and the production potential of the economy.Countercyclical fiscal policy is utilized to stabilize the economy by smoothing out business cycles. It is mainly concerned with stabilizing aggregate demand by influencing fiscal policy measures to support the business cycle.
Countercyclical fiscal policy aims to adjust the economy back to full employment by boosting economic growth and creating jobs during a recession.The government uses countercyclical fiscal policy in the following ways:By increasing government expenditure on public works or direct job creation to boost employment levels. This, in turn, leads to increased spending, which stimulates demand and helps restore the economy.
By implementing tax cuts and lowering interest rates to encourage business and consumer spending.By increasing transfer payments like unemployment benefits, social security, and other welfare programs, the government provides relief to those affected by the recession, which boosts their purchasing power and stimulates the economy.
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Why does the US import oil?
A.because it has exported too much oil
B.because it does not produce any oil
C.because it does not produce enough oil
D.because it has exported too little oil
Answers
Answer:
C. because it does not produce enough oil.
Explanation:
Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.
Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.
The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.
Answer:
D. Because it does not produce enough oil.
edg 2020.
Scenario 3: Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don't have to pay your loan back until you graduate, you've saved enough by the end of the semester and you will pay off the loan in full. Does your credit score go up or down? Why does it go up or down? If your score goes down, how can you fix it?
Answers
A credit score rating is based on a credit score report, statistics usually sourced from credit score bureaus.
What is a credit score?A credit score rating is a numerical expression primarily based totally on a degree evaluation of a person's credit score files, to symbolize the creditworthiness of an individual.
As per the information,
1. The loan taken here is an unsecured loan, therefore, the early payment of the loan will increase the credit card score.
2. In this case, the credit card score will go up as pre-payment of small and unsecured will have a positive impact on the credit card score. The score goes up and down based on your credit card purchase behavior.
3. If the credit card score goes down, it can be fixed by maintaining a healthy credit card utilization ratio.
hence, in this way, the credit card score issues can be resolved.
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What are some positive and negative Impacts of globalization
Answers
Answer:
Globalization goal is 100% percent control of the people
Explanation:
Evidence of this is Charles Swab saying you will own nothing and be happy
Negative impacts are:
Outsourcing services, decrease in wages, workers' rights and interdependent economy.
Imagine your class has been asked to organize a career fair for your school. Now that you know about all the career clusters, you want to be sure to include each one in the career fair,
Working in small groups, imagine your class has been asked to organize a career fair for your school. Now that you know
Brainstorm how you would begin to organize this career fair. What would you need to do? What information would you
need to have? What permissions would you need to secure? Where will this be held?
Describe your plan below in detail.
Answers
Answer: Organizing a career fair requires knowledge of a variety of career clusters. Here are certain ideas you can use while organizing a career fair:-
After dividing the class into smaller groups assign each group a particular career path on which they can prepare a presentation.Prepare an itinerary for the presentations and assign each group a particular time slot.These itineraries can be distributed as pamphlets to the target audience.Each group can make an effort to invite certain professionals or experts from the field for the occasion.Permission from the School Council and higher authorities might be required for the use of school grounds and auditoriums.Each group must have a leader for the coordination of the activities.The leaders must work together as a team and keep each other updated about the progress of their individual groups.for each invoice, list the invoice number, invoice date, item id, quantity ordered, and quoted price for each invoice line that makes up the invoice.
Answers
A line item on an invoice is a single entry. A bill for ten red books priced at $1 each and twenty blue books priced at $3 each, for instance, would be seen as having two invoice line items.
Billing papers (invoices, debit memos, or credit memos) that have already been posted to financial accounting and are meant for a single, identified payer are listed in invoice lists. An item on an invoice is defined as a record of the products or services that a company sold to a client.
The description of the good or service, the number sold, the cost per unit, the total cost, and any other pertinent information will all be included in the invoice item.
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Is interest on loan an expense or a liability....Please help
Answers
Answer:
expense
explanation :
when we're about loan we are talking about a business or a person who is taking a loan. in this case the person or the firm pay interest on the loan.
Martin is a credit counselor working with a client, Kim, who is in serious financial trouble. Kim is hesitant because she has a long way to go and a lot of work to do before she can be financially healthy again. What is the best way for Martin to explain the next steps to her?
A.) Martin should present the information in small manageable steps rather than give her a lengthy to-do list.
B.) Martin should make a list of tasks that must be completed and do them for her, since he is an experienced professional.
C.) Martin should compile a list of all the tasks that Kim must complete and suggest that she report back to him after she is finished.
D.) Martin should not encourage her to do anything she is reluctant to do, even if it means salvaging her financial life in the long term
Answers
Answer:
C
Explanation:
C la respuesta es la C ya que
How much do you think BSBA financial management graduates earn?
Answers
Answer:
Human resources: $110,120
Advertising and marketing: $129,380
Computer systems: $139,220
Training: $108,250
Explanation:
The following is a list with the median business administration salary of occupations for graduates with a bachelor's degree: Financial analysts: $84,300.
Market research analysts: $63,230. Sales managers: $121,060.
You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college's discount rate is 5%, how large will the annual scholarship payment be?
Answers
Answer:
$5,000
Explanation:
Calculation for how large will the annual scholarship payment be
Using this formula
Cash Flow= Present Value x Rate
Where,
Present Value =$100,000
Rate=5%
Let plug in the formula
Cash Flow=$100,000*5%
Cash Flow=$5,000
Therefore how large will the annual scholarship payment be is $5,000.
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
The pre-approved amount of money that a bank is willing to lend a credit card holder is the credit __________. A. Balance B. Rating C. History D. Limit
Answers
Answer:
Limit
Explanation:
Answer:
D. Limit
Explanation:
THIS IS BUSINESS ENGLISH!
HELP!
What are three characteristics of successful entrepreneurs? (Select three)
A- Creative
B- Young
C- Determined
D- College graduate
E- Enthusiastic
Answers
Answer:
Creative
Enthusiastic
Deteined