...the currency's representative exchange rate...
Answer: D. All of the above are correct.
Explanation:
The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.
When the capital is plotted on the vertical axis and labor is plotted along the horizontal axis, then the marginal rate of technical substitution of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK
Therefore, the correct option is All of the above.
Answer:
b) natural resources
Explanation:
Natural resources refer to valuable materials found beneath, above, and on the earth's surface. They are naturally occurring, meaning no human effort is required in producing them. Natural resources make a good source of wealth. Examples of natural resources are land, mineral, oils and gas, forests, water, sunlight, wind, and many others.
Anyone with access to natural resources can invest to make them marketable products. Extraction of oil and refining is an example of investing in natural resources. Processing of trees to wood, use of solar to generate power are other examples.
Answer:
30000 units.
Explanation:
Given:
Parwin Corporation plans to sell 29,000 units during August.
We can assume it as Cost of good sold.
If the company has 11,000 units on hand at the start of the month. We can assume it as Beginning inventory
And plans to have 12,000 units on hand at the end of the month. We can assume it as Ending inventory.
Question asked:
How many units must be produced during the month ?
Solution:
We can determine unit must be produced (purchase) during the month by this formula:
Cost of good sold = Beginning inventory + Purchase - Ending inventory
29000 = 11000 + Purchase - 12000
29000 = - 1000 + Purchase
Adding both sides by 1000
30000 = Purchase
Therefore, as Parwin Corporation plans to sell 29,000 units during August, he must produced 30000 units during the month.
