Hi there!
The US President has the authority to issue b. executive orders.
I hope this helps!
Brady
Answer:
Grand Canyon
Explanation:
It curs down the Colorado plateau
Answer:
Cost minimization occurs when Marginal Product of Cement / Price of Cement = Marginal Product of Labor / Price of Labor.
Costs are minimized when the marginal product per dollar spent on all inputs is the same.
a.) Using the equation above, 50 / $4000 = 4 / $12
0.0125 = .333333 which is NOT equal. Therefore, the firm is not minimizing its cost of producing parking spaces. This is because the marginal products per dollar spent on inputs is not the same.
b.) Since the firm is not cost-minimizing, the firm must either choose quantities of C and L that make the marginal products per dollar equal. This can be done several ways, but for a concrete example, the firm can choose a quantity of C that will increase the MPC to $1,333.33. Then MPC / Price of C = 1,333.33 / $4,000 = 0.3333333 which would be equal to MPL / Price of L.
You can also decrease the MPL to meet 0.15. Then MPL / Price of L = 0.15 / $12 = 0.0125 which would be equal to MPC / Price of C.
Explanation:
Answer:
Social classes
Explanation:
The social classes are a class of people that reside around and whose attitudes are largely dependent on their jobs, status in the society, wealth, education and the way people perceive and do things. So these are the things that constitutes to behavior of a class of person and we judge on this measurement scale. This population who have similar portion of objectives, attittudes, values, norms are a segment of population and known as a social class.