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Pani-rosa [81]
2 years ago
11

Assume that labor and capital are the only two inputs a perfectly competitive firm uses to produce wheat. The firm hires its inp

uts in perfectly competitive input markets. The unit price of labor is $8 and of capital is $20. When the firm employs the profit-maximizing combination of these two inputs, the marginal product of labor is 2 tons of wheat and of capital is 5 tons of wheat. The price of wheat per ton must be
Business
1 answer:
noname [10]2 years ago
5 0

The price of wheat per ton must be $4 when profit-maximizing combination is employed.

<h3>What is Price?</h3>

This is defined as the amount of money that has to be paid to acquire a given product.

To get the price per ton for the company to make profit, we find the ratio of the unit price of labor to the marginal product of labor.

$8 / $2 = $4.

Read more about Price here brainly.com/question/24877850

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Answer:

c. subsidies

Explanation:

Based on the scenario it can be said that the instrument of trade policy that is being used by the French Government are known as subsidies. These are government incentives that are given as a form of financial aid to an economic sector. This is given for the main purpose of increasing economic and social policy within that sector. Such as the French Government wants to do with the agricultural industry in this scenario.

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3 years ago
A business incurs a blank when expenses are higher then revenue
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Bankruptcy. Hope this helps.
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3 years ago
Sometimes food is produced in other countries that do not have the same level of chemical safety as in the US. This imported foo
Artemon [7]

Answer:

The correct answer is letter "A": affordable food creates an external benefit rather than an external cost in the case.

Explanation:

Externalities are costs third parties have to be responsible for even if they were not involved in causing the externality. There are positive externalities and negative externalities. <em>Positive externalities</em> are those that third parties benefit from. <em>Negative externalities</em> affect third parties.

Thus, importing less-expensive but chemically-dangerous food will create a positive externality to consumers purchasing those types of foods since less money is getting out of their pockets without them having to influence discounts.

4 0
3 years ago
In order to hire graduates and postgraduates of microbiology, Arthur, the human resource (HR) manager at Kartholfen, a pharmaceu
ss7ja [257]

Answer:

<em><u>External recruitment.</u></em>

Explanation:

External recruitment is a strategic process that the corporate human resources sector uses to select out-of-company candidates with qualified profiles to fill available jobs within the organization.

Companies often use varied sources to select candidates, the most common being talent banks, job fairs, recruitment sites, newspapers and more.

The biggest benefits an organization can derive from performing an external recruitment process are greater choice among candidates, talent renewal, increased competitiveness by hiring a top talent and increasing diversity among professionals.

6 0
3 years ago
According to your textbook, the following passage from a speech introduction is an example of a(n) __________ . Today I would li
inysia [295]

Answer:

The answer is: this is an example of a preview statement

Explanation:

Preview statements are used to present the main topics of your speech. As a speaker you should not only introduce your main topics to your audience, you must be able to capture your audience's attention. Usually the preview statement is the second thing you say during a speech, the first should be a general greeting, so it is very critical that your audience understands how you are going to cover your main topics and in what order.

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